PCES - paid $4.75 Million by 3M Corp!!! Message Board

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Microcap & Penny Stocks : PCES - paid $4.75 Million by 3M Corp!!!

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To: Katie Kommando who wrote (457)	11/11/1999 11:44:00 AM
From: Brad	Read Replies (1) of 523

Actually, that's what I would like as well... a translation. As I understand it, tax laws require that a new business coming into a shell company would have to be in a similar industry as the shell company was when it incurred the losses. It appears to me that PCES was generally in the health care related software business. From the excerpt about NetGenics, it appears, in my opinion, that NetGenics is also in that field. It seems that NetGenics (if they were to merger into the PCES shell) might be able to use the $16 Million loss carry forward to offset current profits (if they have profits) and realize a tax savings. However, I am not qualified to make definitive judgements on this and I could be way off. So I'm hoping there is someone more qualified that might offer their view on this. Thoughts or opinions??

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