Raptor Resources Holdings,Inc. (fka RRHI)

[pitboss22]

Re: IRS Section 382 Limitations on Net Operating Loss carryover

Now, some here may not care whether RPTN's loss is deductible or not. After all, one may argue, the deduction only comes into play if they actually produce taxable income. While that much is true, and it's certainly a huge 'IF' involved there, the false assumption of deductiblity certainly does speak to the competence, or lack thereof, of management.

If they truly bought the company in whole or in part for a tax deduction, they wasted shareholder's money needlessly. If they did not, they misled a lot of people either intentionally (bordering on fraud) or unintentionally (crossed over the border into stupid). Either way, one certainly has to question management's intent and competence.