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stanu78

04/13/05 7:08 PM

#9168 RE: Bobwins #9166

Thanks Bob...

that's right... he's a CPA and a CEO... he should know better... and I'm pursuing my CFA designation now... so once I have the CFA charterholder, I will try to challenge him again.. maybe that will give me some credibility... for now.. I'll just keep my opinion under the pillow...

but I hope you (and ME) are right bob.. because if it's fully taxed... then the stock price can drop again (because you know it's all about expectation)...

and when someone ask me what the price will be if they got fully taxed as early as Q105 (at least in GAAP basis).. I didn't dare to answer.. ebcause I know it will be ugly.. at least in short term...

We'll discuss about this tax item when Q105 is out...
I think we discussed about how NOL should be treated a while back and MDF seems to be exactly doign what we said (to recognize the entire amount as tax deferred asset), so far they did it just fine... and the rest should be fully taxed from here...

Stan