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Re: Tbags7 post# 7422

Thursday, 05/25/2023 4:03:28 PM

Thursday, May 25, 2023 4:03:28 PM

Post# of 7907
Just to clarify, Gulfslope has incurred accumulated losses of $69.7 million as of 3/31/2023. One-half of this amount will expire by 2038 (15 years) the other half will remain indefinitely. GulfSlope’s NOLs are allowable as a deduction against 100 percent of future taxable income. The Net Deferred Tax Asset is approximately $15 million. A big plus if there was a merger.




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