ANTs Software Inc. (fka ANTS)

[Rbb1822]

From the IRS

"Section 382 imposes a limitation on a corporation’s use of net operating loss carryovers following a change in ownership. The legislative history explains that a limitation is necessary following a change in ownership because new shareholders otherwise would have an opportunity to contribute income-producing assets (or divert income opportunities) to the corporation, thus inappropriately accelerating the use of net operating loss carryovers. The section 382 limitation is intended to prevent a corporation from obtaining greater loss utilization than it could have achieved absent a change in ownership. S. Rep. No. 99-313 at 232 (1986)."

Ants bought Inventa. There was no change(yet) in Ants ownership. This doesn't apply, well unless Inventa brought some losses to the table which I doubt.