Electronic Game Card, Inc (fka EGMIQ)

[wmthecommoner]

The tax loss carryforward was an issue brought up with the 2009 3rd qtr results and the statements were restated quickly. Not a problem, but perhaps difficult to determine on an interim basis, as I would suppose that the tax losses would only be useable against income in the country to which the loss occurred. That is a guess as remember this is an international company with offices in more than one country. So perhaps losses in UK can not be used to offset losses in USA. Anyway, the NOLs are difficult to determine until the tax returns are actually filed, so interim allocations are estimates.