TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocket Red who wrote (89289)	7/31/2001 5:10:55 PM
From: StocksDATsoar	Read Replies (2) of 150070

SOME INFO ON USXP, THAT POS...BTW, I'M WATCHING A MOVIE CALLED CANADIAN BACON..IT HAS A GUY NAMED YOURWORSTNIGHTMARE IN IT.. LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL ragingbull.lycos.com By: DC-Steve $$$ Reply To: 18902 by smooth22 $$$$ Tuesday, 31 Jul 2001 at 5:08 PM EDT Post # of 18948 smooth, please stop lying about the judgment's value as a write off. 1) $275 million of the $389 is for punitive damages and I'm pretty sure punitive damages are always TAXABLE income. If this is the case, and even one of your fellow longs admitted that a tax accountant told him it was ALWAYS the case, this $275 million cannot possibly have any value as a write off since it would merely offset the income and be a wash. So right there you probably need to reduce your estimate of the writeoff's value by about 70%. 2) It's not clear to anyone on this board that the $112 million in actual damages would provide a net write off for tax purposes, either. This area of tax law is too arcane for me to want to make any strong claims, and I really wish that folks like you who apparently are no more familiar with the tax law than I am would also refrain from claiming to know things you don't know. 3) If the $112 million or some part of it can be written off by USXP for tax purposes, it does not necessarily follow that any corp. that acquires USXP can use it as a write off. That is, if the IRS rules that the acquisition was done primarily to get the write off and not to acquire USXP's operations, the write off may not be allowed. In short, you have no clue how much, if anything, this judgment might be worth for tax purposes alone. But as usual, this won't stop you from claiming that you do know and trying to convince others to buy the stock based on this pretense of knowledge on your part.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next