BioExx Specialty Proteins Ltd BIXZF

accounting question

[dant2]

Since BXI MCap is now sub 3M and cumulative losses must be well above 130M, then aquisitor tax offset must be worth what??  CAN tax rate is ~28% (notwithstanding CRA acq rules) .. so napkin 10X of current .01pps, plus whatever value could be assigned to the two patent segments.
What am I missing? Any CA's out there who know the 'true value' for selling corp tax losses? Ernst & Young Orenda is doing the search so I'm sure they cannot comment.
PS> Yes I do believe that had this fiasco occurred in the US CC would be paddling hard and long to avoid JT. Complacent Canadians ugh..

[buckrod]

"The ITA (5) (a) (i) requires that, in order for the previous non capital losses to be deductible subsequent to a change in control, the acquired business must be carried on with a reasonable expectation of profit. In the absence of an expectation of profit these losses would no longer be deductible and would become worthless. Therefore, purchasing a business only for the use of its existing