Cadus Pharmaceutical Corp. (KDUS) Message Board

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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)

KDUS 1.600

0.0%

Jul 2 5:00 PM EST

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To: peter michaelson who wrote (345)	10/16/2000 1:28:16 PM
From: Biomaven	Read Replies (1) of 1833

And just to add to what Peter M has said, the reason it's a slight positive is that it's naturally associated with a tax loss. The tax loss has value if the company ever becomes profitable and also possibly has value in an acquisition. The rules for what happens to a NOL (operating loss) in any change of control are very complex. They are designed to prevent the loss simply being "sold" and utilized by another, profitable, company. (BTW, New Jersey, I think alone among states, allows the state tax loss to be directly and simply sold). Peter

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