Silicon Investor (SI) -- The First Internet Community

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 : TMMI - Total Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: taxgun who wrote (12205)	1/22/1999 9:42:00 PM
From: Arnie Doolittle	Read Replies (2) \| Respond to of 19109

jp, the math is irrelevant. I'm no tax expert, that's for sure. But isn't there a problem with operating loss carryforwards when there is a change of ownership in public companies? If so, the tax loss is worth zero unless tmmi can use it in its current form. Here's a url that may help: unclefed.com Note paragraphs 368.60, 368.84, 368.85, 368.86 & 368.87. It seems that Lisbon Shops, Inc., RR 59-395, 1959-2 C.B. 475 seems to be the ruling case. Show us your stuff, jp. Can tmmi's loss carryovers be used or not? Arnie