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ghost2000

08/27/13 5:35 PM

#8772 RE: raggs #8771

i had been out of the country for some months at times. asked for and got the following input. looks like the pinks are off for what ever reason (money would be the key reason).

"They are cleaning up the shell eliminating debt and preparing shell for market. The tax loss carry forward has more value than clinics that break even that no one really wants to own."

based on this information, we are cooked as an on going company and looks like the shell will have any value. my concern here is a shell not listed has very little value. therefore, the only value will be in the 6 million or so carryover tax loss.

based on my experience in this matter, take into consideration the acquiring companies tax rate and times about 60 to 70% and that is what we will get at most.

simple math, 6,000,000 estimated loss, presuming a 35% tax rate times 60% is about 1,260,000 and with about 200 million shares out there that would be about .0063 per share.

the reason for the lower numbers is because we are not a listed company thus only the tax loss has value not the shell. if we were listed, the shell could have value from 300 to 600,000 not much more.

hope this information helps.

of course, this is my option and anybody here can and should do their own investigation.

old man