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1manband

06/05/13 12:46 PM

#93303 RE: Warmy #93297

It isn't $14 million in debt. Nor is it their tax-loss carryforwards, as changes in tax laws largely disqualify shell companies from ever being able to claim those, especially without audited financial statements.

Instead, the $14 million is the accumulated net loss. That is how much direct shareholder investment they have burned through.