TSXV:OEG.H - Post by User
Comment by
mrmoribundon Nov 30, 2021 1:24pm
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Post# 34181060
RE:Staying current with Financials...
RE:Staying current with Financials...I'd guess they're looking to do one of these deals where they merge with some profitable (or potentially profitable) entity that would be able to use the tax losses.
People should bear in mind that--if I recall correctly--ONEnergy itself was supposed to be one of these deals. I think it was Look Communications so long ago, another disaster with mountains of tax losses. The idea would have been that ONEnergy, under the brilliant leadership of Letwin (?) would make huge profits that would be tax-sheltered by Look's massive tax losses.
So how did that turn out? It would appear that this saga has now created an even (much) bigger Mount Everest of new tax losses.
And now they're going to do this story again??
Send in your dollar today!! Last chance!