Intrinsyc Software International Inc ISYRF

Accumulated losses

[esprit1]

Anyone on the board with a tax background can correct or update the below - this is based on some rudimentary research.

ITC currently has 106 million in accumulated losses on the books - I believe these can carry forward for about 20 years from when they were incurred, so we have lots of opportunity to use these up  - when we become profitable.  

So that represents considerable value.

The asset value in these accumulated losses  dont have any value in the current LTRX deal (they are lost)- but would be valuable to ITC as it moves to profitability.

Reznik indicated in a prior call that they had also found a1 million dollars in cost savings  - which is about 5 cents a share, which I would hope would move to the bottom line when fully realized. (at 20X earnings thats $1.00 a share - or 1.33 per share in CAD.

And as many have noted, it would seem that ITC is on the cusp of turning into a profitable growing enterprise.  If we can generate a million per quarter in profit - 5 cents per share - or 20 cents annually, ITC is worth about 5.30 CAD per share at 20X earnings.

Point being, after a long long time I think ITC has turned the corner.  5.30 wont be overnite, but I would happily take it in 3 years rather than 1.68 now offered.

Seems like right now the very least opportune time to sell ourselves at a steep discount.

And Epstien didnt kill himself.