Friday, August 03, 2012 12:25:17 PM
What are the current rates for tax credits?
http://taxcreditpurchase.com/faq.html
Current Tax Credit Rates
Year Rate
2011 $ .88 upfront; .89 on installment
8,800,000 X .88 = $7,744,000 cash.
Seven Arts will be entitled to receive from SAPLA approximately $8,800,000 of Federal and Louisiana historic rehabilitation tax credits and Louisiana film infrastructure tax credits earned by SAPLA based on the audit and compilation. The Company expects to realize the cash value of these tax credits by assignment to third parties at discounts customary in the market, but which should result in receipt by Seven Arts of in excess of $8,000,000.
"if" say 2 mil or so was used to buy-back shares at these super duper super duper duper low prices, it would net like 66 million shares, more than half the OS, along with a RS...and positive news.... sounds like a great way to stay listed on NASDAQ...
GL :)
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