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To: Little Engine who wrote (24326)9/27/1998 5:28:00 PM
From: Dick Jaffe  Respond to of 27968
 
The $95,000 represents the value of a contingent asset that would become a tangible asset once the company showed profits in excess of their carryforward loss.



To: Little Engine who wrote (24326)9/28/1998 7:47:00 AM
From: Freddie Forte  Read Replies (2) | Respond to of 27968
 
LE....I don't think there is anything devious about the 95,000. They had a carryforward loss that they're spreading over a number of years. They can only use the deduction if they have taxable income.

Also, remember Ira telling us that the acquisition of Myriad was delaying 1997 financials. Wrong. Myriad was consummated in April'98. There is no way this will impact 1997's financials. Another non-truth in my opinion.


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