RE: Why Pinetree wants Copper Mesa....1) If Copper Mesa has incurred some $40M dollars in losses, thenPinetree can effectively use them to offset some $40M dollars in gains.This would effectively mean that CUX is worth at least $40M/100M sharesor ).40$/share so at 0.05$/share, CUX is a steal.
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False. Pinetree has to prepare its own tax declaration and so does CUX. If Pinetree wants to use CUX's losses, they will have to proceed to a fusion. To do a fusion, both companies has to be registered under the same jurisdiction. Pinetree is under Ontario's jurisdiction and CUX seems to be under BC's jurisdiction, which makes the fusion impossible. So I wouldn't count on that argument to buy CUX's shares.