Wednesday, November 03, 2021 10:19:20 PM
We know that GMZP has a Net operating loss carry forward of $72,235,173.
I have researched all the SSM custodial tickers along with many of the other shell companies and GMZP has by far the largest NOL amount.
However, can anyone help me to explain what they mean when they say, "The Company experienced a change in control during the year, and therefore no more than an insignificant portion of this net operating allowance will ever be used against future taxable income.
They certainly make it sound like the NOL carry forward will not make that much of an impact on the incoming company. I'd love for this to not be the case, but can anyone in the know provide a good detailed explanation of exactly how this NOL is used by the merging company?
Do we know if Goldquest is able to utilize the AVVH NOL?
Thanks!
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