Kolibri Global Energy Inc BNKPF

RE:Net Operating Losses

[BrokerG]

Thanks Cougar. Good point.

Therefore, given the long term tax exempt rate is currrently 1.70% we get a NOL of approx $4 million per year. [ 240 million shares x 1.70%]. Therefore it would take 9 years to reap the benefits of the tax loss given BNK's debt of 37 million. For a large corporation, that is reasonable and should not impact the buy out price considerably.