ASYI – Not MicroSoft, brother: GLOBAL CONVERGENCE SOLUTIONS!
ASYI’s stupendous accumulated horde of $34,544,000.00 of documented NOLs would only off-set about two full WEEKS of Microsoft’s annual tax obligation to the federal government.
LOLOLOLOLOLOLOL!!!!
But now compare that with the annual tax obligation of a company like our soon-to-be-corporate parent, Global Convergence Solutions … who earned no more than $3.5 Million last year (which was a VERY good year for it by the way … seeing as how it has no debt).
Should it be so fortunate as to keep on earning such an amount, year-after-year, that would then mean that ASYI’s NOLs would INSURE that Global Convergence Solutions would not have to pay annual federal corporate income taxes (i.e., 35% of $3,500,000 = $1.25 Million of taxes per year) for a MIND-BOGGLING 27 AND ½ YEARS (i.e., $34,544,000 / $1,250,000).
I don’t know if that fact makes the CEO of Global Convergence Solutions start to shake, shiver and drool … but I bet it certainly makes his tax accountant do so!
But this great potential windfall to Global Convergence Solutions raises another question … a FAR MORE important question than that contained in your post:
Just what --- in the way of “EXTRA GOODIES” --- is Global Convergence Solutions going to have to give to the ASYI insiders and common shareholders in order to receive those $34,544,000.00 of NOLs, hmmmmm?
The jury’s still out on that question … but I’ve got a “sneaking suspicion” that James D. Beatty and Forum Mobile Israel are working on an answer to it!
ASYI’s shareholders might not only get a “TWO-FER” out of this deal … but an unheard of “THREE-FER” as well!!
AI
