GREY:ROAOF - Post by User
Post by
2511MacDonaldon Aug 16, 2009 5:04pm
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Post# 16223386
Remaining Value - Tax Losses
Remaining Value - Tax LossesI don't have the 2008 financial data yet but I believe that the only remaining value will be in the tax losses.
Refer to the August 3-9, 2009 edition of the Northern Miner classified ads:
Client wishing to buy Canadian tax losses up to $250 million at $0.04 to $0.06 per CDN dollar in losses. Contact mybarrington@gmail.com.
It will be up to the management to keep the company alive and market the remaining shell for tax losses. Not much left but better than nothing. Capital losses versus operating losses may also be an issue under CDN tax law. Wait until you see the 2008 annual report and consult your tax specialist for details.