Firstgold Corp (fka FGOCQ)

[Madclown]

Not sure what to expect from here. It has been fairly quiet on PACER lately. I am still holding some shares in the event that the reverse merger takes place as contemplated by the debtors/management. I am just crazy like that sometimes. I ran some discounted cash flow projections on the residual NOLs based on the taxcode annual limitations much earlier in the year but the value of them depends on the ability of the newly created entity to use them before expiration and also depends on the discount rate that must be applied to account for risk and time value. The uncertainties make them hard to value. In a reorg, these NOLs are not typically factored into the value of the company because they are not a component of EBITDA so a r/m like this is about the only time one has occasion to arrive at a value.

If anyone has experience valuing these things let me hear from you.