GMZP did have a change in control of ownership. This means that even though they have the full allowance of the $72.2 Million, they will only be able to use an insignificant amount against future taxable income. This is still huge because the $72.2 Million is available to be used as a 2 year carry back and 20 year carry forward Tax Net Operating Loss (NOL) to reduce the taxable income for the company’s future tax years.
This is still huge because even a worst case scenario, for an insignificant amount, would be to implement the 20 year carry forward which with using all of the $72.2 Million Allowance. Still, that equates to over $3.6 Million per year to be allowed to go towards reducing taxable income for the company’s future tax years.