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Enterprising Investor

11/14/13 11:33 PM

#6 RE: Gwinner #4

REIT status unlikely.

Company had state net operating loss carry forwards of approximately $215.8 million. These net operating losses expire in years through fiscal 2031. The Company also had federal net operating loss carry forwards of approximately $173.6 million. These net operating losses will expire in years through fiscal 2031.