Replies to post #4900 on Biokey International Inc (BKYI)

[jonQ]

I am well aware of the twenty-year limitation and I am quite certain that over the past 15 years we have got substantial losses that would qualify.

You can pull the accumulated lost off one of the filings, don't remember which one it is but the last time I looked which was maybe six months ago I believe it was somewhere in the $75 million range. I'm confident that that losses probably closer to $80 million now.

I'm also well aware that you can't utilize the entire lot but quite comfortably you could probably use at least 20% of it, maybe even 22 to 23%. That's still a fairly substantial number in the $20 million range. That's bigger than our market cap is today I believe

Is this pure and simple? No but is it achievable absolutely. It's done all the time. Good tax accountants know exactly how to treat these

Let's not lose sight of the simple fact that the tax losses of this company has accumulated have a significant value to someone and I believe China gold joy can utilize them quite effectively. Shareholder, I personally treat it as an asset. Has value to someone.

[biometric1]

SeanBoy

I was impressed w your Sec 382 ex. Until you said you would not be terribly unhappy with a $3.60 buyout.
The only saving grace in that is we would not lose ALL our money in a risky bulletin board stock.
A 1 for 2 reverse followed by a 1 for 12 equals 15 cents a share.
Unless you got free shares or only bought at our all time lows , I dont know how you COULD NOT be disappointed with a $3.60 buyout.
With the average investor here at least 10 years it is quite disappointing to think we took on all that risk when we would have made a better return on risk free treasuries.
I hope Mr Wongs expectations are much higher.