RE:RE:RE:RE:RE:RE:RE:ONCY accumulated deficit (Tax losses applied to a buyout)
No problem and you can read it how you want but from the last line of the article you posted.
The benefit is that it lowers the taxable income in the second year to $2.4 million.
Quite simply stating that it lowers the taxable income and you pay tax on the bracket that applies to you or your company.
Bottom line is that there is value to the accumulated amazingly large deficit but it is in Canadian dollars and not as much as you think as honestly I too would like to do accounting the way you do as that would increase the implied value of onc by double of any tax write off and really wish it was worth the 5 U.S.