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Microcap & Penny Stocks : Ambase Corp. (abcp) -- Ignore unavailable to you. Want to Upgrade?


To: Amy Feller who wrote (27)6/20/1998 10:18:00 AM
From: Mark C. Livermore  Read Replies (2) | Respond to of 43
 
A NOL or net operating loss is the same as a tax loss carryforward. Essentially it is a credit versus future taxes that may be due on profits earned in the future because of losses in the past. See AmBase's 10-K for a discussion on their particular situation.