TSXV:TRL.H - Post by User
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RTOon Oct 08, 2021 11:10am
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$121 Million In NOL Carryforwards Alone! $1.50+ per share
$121 Million In NOL Carryforwards Alone! $1.50+ per shareAs of December 31, 2020, the Company had NOL carryforwards related to our operations in New Zealand and Bolivia of
approximately $30 million and $24 million, respectively. The New Zealand NOLs carry forward indefinitely and the Bolivia
NOLs carry forward for three years. Additionally, as of December 31, 2020, TIP Inc. (and its wholly owned U.S. subsidiary)
had NOL carryforwards of $55 million and $12 million in the U.S. and Canada, respectively. The U.S. NOL carryforwards
generated prior to December 31, 2017 carry forward for a period of 20 years while the U.S. NOL carryforwards generated after
December 31, 2017 carry forward indefinitely. The Canadian NOL carries forward for a period of 20 years. The future
utilization of certain loss carryforwards is contingent upon shareholder continuity and other requirements being met. As of
December 31, 2020, these NOL carryforwards continue to be retained.