Desert dweller, Thanks, Good Post! That is why I would never put you on ignore as you've suggested. Your bolded portion.
"This anticipated book tax expense relates to the character or the Company's remaining net operating loss carried forwards, the majority of which resulted from deductions related to stock option exercises. While these tax benefits relieve our cash tax obligation, book accounting rules require that they afford no relief to our book tax expense. The reality is that book tax expense is a non-cash item that is offset in equity to the corresponding direct entry to additional paid-in capital."
What does this mean to shareholders? Does it mean that our tax loss carry forwards will be used to help offset the expense of excercised options? Is this a positive in that we can use some of these credits earned when the company wasn't making money to partially cover the present expense to the company of said options? Since the tax loss carry forwards cannot be used to relieve "our book tax expense" is using it in this way a good thing for shareholders in your opinion?
Sorry for all the questions.
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