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David Fowler

03/31/11 4:25 PM

#5489 RE: ShortonCash #5488

They wouldn't. Just covering their bases in case we have a mineable property.
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Eagle777

03/31/11 4:36 PM

#5490 RE: ShortonCash #5488

Very interesting point indeed! If a very large company that had over $112 million in taxable profits bought KATG, they would then pay zero taxes, since they could use that $112 million loss as an offset. At a 35% tax rate, that's $40 million!