InvestorsHub Logo

The Rainmaker

11/20/15 12:21 AM

#18241 RE: MrBlackLungs #18240

Wow so you are saying since Rontan is in the same industry as GDSI and GDSI has $32 million dollars in losses over their history. That means Rontan will be able to earn $32 million dollars tax free after the acquisition. Rontan can use GDSI's $32 million dollars worth of NOL's. OMG you do realize you just provided the answer to the question many asked? Why does a winner like Rontan want to do this deal with GDSI. The only way you can use those tax losses is if the new company is in the same industry as the company who racked up all the losses. GDSI is probably the only stock they could have merged into and gotten use of those huge tax credits based off GDSI lifetime losses and the fact GDSI and Rontan are in the same industry. You just solved the why GDSI for Rontan riddle.