Resource Capital Gold Corp GDPEF

Metals & Mining Gold Industrial Metals & Minerals

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

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Resource Capital Gold Corp > tax-loss credits again

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Comment by LeftBookon Apr 03, 2019 3:05pm

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Post# 29577863

RE:RE:RE:RE:RE:RE:tax-loss credits again

if RCG takes $13M haircut, (a complete loss on all the improvements), and sells the assets for $18.3M to settle $18.3M of liabilities then the useless shell would have a $0 balance sheet.

Let's say that $13M haircut is fully added to tax credits.
The empty shell now has $33M of tax credits.

Let's say the empty shell is scooped up for $13M.
The buyer is paying 13/33 = 40c on the dollar for the credits.

RCG shareholders get 13M/175M = 7.42c/sh

The numbers are just to paint a picture.
They could be adjusted to include the 2.1M interim financing.

Ultimately there is enough tax credits that investors will try and keep the shell alive.

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