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Ryan Gold Corp V.RYG



TSXV:RYG - Post by User

Comment by Methodon Aug 03, 2015 2:11pm
79 Views
Post# 23984938

RE:RE:why vote no?

RE:RE:why vote no?My understanding is that the tax loss carryforwards can be applied in Canada as long as they are used against active business income in the same kind of business activity. OBM should be able to use the tax losses if they eventually have enough business income. Accountants would write off these tax losses for accounting purposes because there is no reasonable expectation they would be used based on RYG's current business prospects. There are so many shells with losses in the resource area that I don't believe they have a lot of value.
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