Replies to post #6258 on Inergetics Inc (fka NRTI)

[crookedneck]

NJEDA @ http://www.njeda.com/web/Aspx_pg/Templates/Pic_Text.aspx?Doc_Id=412&menuid=1022&topid=1018&levelid=5&midid=1019

Applications - Technology Business Tax Certificate Transfer Program

The Technology Business Tax Certificate Transfer Program enables approved, unprofitable Technology and Biotechnology Businesses to sell their Unused Net Operating Loss Carryover (NOL) and Unused Research and Development Tax Credits (R&D Tax Credits) to unaffiliated, profitable corporate taxpayers in the State of New Jersey for at least 80% of the value of the tax benefits. This allows unprofitable Technology and Biotechnology Businesses to turn their tax losses and credits into cash to buy equipment or facilities, or for other Allowable Expenditures. The New Jersey Economic Development Authority (EDA) determines eligibility, and the New Jersey Division of Taxation determines the value of the tax benefits (NOL's and R&D Tax Credits).

As you can see above it is easy to see why I refer to these as tax credits, since it not only takes into account their net operating losses, but also any R&D tax credits, which I believe NRTI also had. Regardless, for you to get so upset for me to refer to these as tax credits was ridiculous. Just a simple clarification would have been way more appropriate. Just saying! Cheers!