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Re: XenaLives post# 29009

Wednesday, 12/01/2010 7:36:52 AM

Wednesday, December 01, 2010 7:36:52 AM

Post# of 35802
Good morning Paula. You are correct, the approximate $10M in tax write offs or NOL's (net operating loss) accumulated over the years should be worth several times the $1M Balallin Judgement to a profitable company. Somehow though I am doubtful that GRNO qualifies for the NOL carry forward or they would have touted this as an asset in their early press releases. But then again without the updated financials we really don't know.
As for the value of the patent, I believe it has practically run it's 17 year life and certainly would not be worth what it was 10 years ago. I was told that the company had been contacted by the patent holders about a year ago and it was decided not to go that route.
Where's those damn financials?