Good point, another very good reason Owens would want this shell...the loss carry forwards. But we get to enjoy those as well.
T.
I honestly thought Shareholders were "Lead to Believe" QASP was a Conglomerate, not a Shell.
another very good reason Owens would want this shell
How could QASP possibly be a Shell if Jeff says that they are going FULL BLAST with that Awesome Pilot School???
That in itself would disqualify QASP as a Shell, no?
this shell
What happened to the Airplane Manufacturing, Helicopter Parts, Flight Simulator, Recent Georgia Funding (PAPERS IN HAND!?!) Announced by Jeff which was to be released LAST YEAR, "LATE AGAIN" FULL COMPANY DISCLOSURE GOOD -OR-BAD???
Wouldn't that disqualify QASP as being a Shell?
A Shell does not have revenues. A Shell does not have Deals Pending.
Wait a minute.
Maybe QASP IS a Shell!
This gives new meaning to term "The Old Shell Game", now doesn't it~
Tax Code §382 - Limitation on net operating loss carryforwards following ownership change --- which applies after 75% ownership change in the RM, greatly reduces any value from the NOLs, which will also shrink when QASP recognizes income because the shareholder loans from Dean are forgiven.
samplescave Share Saturday, February 19, 2011 6:21:02 AM Re: B*A*N*K*E*R post# 216373 Post # of 216707
So. Is QASP a Shell or a Conglomerate?
Quote: -------------------------------------------------------------------------------- Good point, another very good reason Owens would want this shell...the loss carry forwards. But we get to enjoy those as well.
T. --------------------------------------------------------------------------------
I honestly thought Shareholders were "Lead to Believe" QASP was a Conglomerate, not a Shell.
Quote: -------------------------------------------------------------------------------- another very good reason Owens would want this shell --------------------------------------------------------------------------------
How could QASP possibly be a Shell if Jeff says that they are going FULL BLAST with that Awesome Pilot School???
That in itself would disqualify QASP as a Shell, no?
Quote: -------------------------------------------------------------------------------- this shell --------------------------------------------------------------------------------
What happened to the Airplane Manufacturing, Helicopter Parts, Flight Simulator, Recent Georgia Funding (PAPERS IN HAND!?!) Announced by Jeff which was to be released LAST YEAR, "LATE AGAIN" FULL COMPANY DISCLOSURE GOOD -OR-BAD???
Wouldn't that disqualify QASP as being a Shell?
A Shell does not have revenues. A Shell does not have Deals Pending.
Wait a minute.
Maybe QASP IS a Shell!
This gives new meaning to term "The Old Shell Game", now doesn't it~