Univercell Holdings (UVCL)

[speckulater]

UVCL Tax Loss CarryForwards

This is from UVCL April 2006 10K:

" No provision for income taxes has been recorded due to net operating loss carryforwards totaling approximately $1,569,000 that will be offset against future taxable income. Theses net operations loss carryforwards begin to expire in the year 2021."

I am not a CPA but they could possibly have a cash value of:

$1,569,000 * .33 = $517,770

A clean, usable shell has an intrinsic value on it's own merit. It is not hard to argue that UVCL should have a Market Cap of $1.5 million to $2 million. As of this morning the Market Cap is $630,000.

Predictably, the stock overreacted on the down side, with the Pure Romance Merger Termination. As investors get over the shock, and new investors find this opportunity, the share price should return to it's fair value.

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