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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS)
KDUS 1.6000.0%Jul 2 5:00 PM EST

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To: scaram(o)uche who wrote (522)4/30/2001 7:43:23 PM
From: Tomato  Read Replies (3) of 1833
 
And then there's the tax loss carryover, for what it's worth. Is there an obvious, screaming best fit re someone to take over KDUS? Someone who makes money so the tax loss would be valuable? Didn't Peter Suzman or someone say that for the tax loss carryover to work for an acquirer that the acquirer and acquired both need to be in the same state or some such obscure rule(s) that makes the tax loss difficult to capitalize on (no pun intended)?

It's been since Novemeber, I think, since KDUS had the escrow cash in its coffers. 6 months time enough to shop for a suitor?

Perhaps a personals ad in local papers would help find someone:

Small corporation with money seeks compatible mate, well hung and with deep pockets. We're got capital losses - you've got capital gains. One look at our yeast and balance sheet and your interest will rise. You believe in the Axiom that Oliver Wendell Holmes said, "Rough work, Icahnoclasm, but the only way to get at the truth."
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