RE:RE:RE:New Research Report on MTO out this PM, V. Bullishpdcon1 wrote: read it and weep , debt is only 9 million , actual tax credit is 15 million they could pay off debt with their tax credit . great things are starting to happen here .
I just skimmed that lovely piece of propaganda - now I see where those numbers come from. It's full of errors.
The author used the 2014 financials, not 2015. That is why he stated 9 million in debentures due when it is only 7.5 million. That is the good news.
He is also saying that mto has almost 50 million in total liabilities (he calls it a loss carry forward). Another way of saying this is that mto owes 50 million in both short and long term liabilities all together. So if they are not aquired this eventually must be paid.
This would become a write down for an aquiring company and then generate a tax credit.
As I stated before, you need income (65 million) to be able to use the credit against the tax liability. And this credit would be used generated by an aquisition of mto for the aquiring company; it is not mto's tax credit.