Replies to post #30182 on TheGlobe.com Inc (TGLO)

[mtlebomac]

Maybe, maybe not. This was posted earlier in the year re: NOLS

https://rsmus.com/pdf/is_section-382-analyses.pdf

Section 382 Analyses
Preserving NOLs and credit carryovers in an M&A transaction or other equity transaction

We cannot simply say they're not going to not use the NOLs based on a generalized Section 382 statute. Obviously there is a firm(s) that specialize in taking advantage of this. Is this another reason why the TGLO shell was purchased, because of their $160M in NOLs?

So many moving parts and, in retrospect, probable reasons why there was a bridge loan for hiring all the experts needed to make the RM happen in the best, most profitable way possible.