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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS) -- Ignore unavailable to you. Want to Upgrade?

To: RCMac who wrote (245)	9/10/2000 5:26:07 PM
From: peter michaelson	Read Replies (2) \| Respond to of 1833

Hmmmmm. Sounds to me as if either (1) the $30 million loss carryforward does include the $19.1 million from the patent liability, and that in fact the company will report something like $15 million in taxable gain this year, or (2) in prior years, the patent liability was accrued for book purposes but never for tax purposes. Seems like there is just one good way to find out for sure. The second part of my original question is more material - is there any way for a distribution to be made without being taxable to the individual stockholder? Seems to me I have heard of dissolutions, with distribution of all assets to the owners, as being a non-taxable event. Thanks. Peter