Post by
Magnum2 on Feb 23, 2024 1:41pm
They did for years in O&G industry
Company A would buy out Company B that had huge losses on their books so as to minimize or eliminate taxes on future earnings.
Ended up with shares in BIOV after the Mining Co. became pharma, bought and sold it several times, (last time around 60 cts) unfortunately they have limited cash now. I wouldn't touch it until they raise a huge chunk again, seems as though the share structure is too sloppy to manage now, may require a rollback.
GL
Comment by
NewMexicats on Feb 23, 2024 3:19pm
They have said they will focus on licensing the DPX Platform. My hope is this attracts a buy out, although the licensing could be lucrative.