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Microcap & Penny Stocks : TMMI - Total Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: Arnie Doolittle who wrote (12207)	1/22/1999 10:25:00 PM
From: Larry Panik	Read Replies (2) \| Respond to of 19109

Arnie, I do know that the carry over tax loss can be sold BUT has to be used with a similar company doing the same business. So I don't think that is a problem. The PROBLEM as I see it (hopefully jp can clarify this) is that there is a limit in the number of years you can carry this forward. I believe this loss was produced in the years '92, '93, 94, & '95. and the $12M quoted was a sum of those years. Now I have been told by someone, but I can't confirm it, is that the carry over is only good for 5 years. My math shows this all but gone!!!! Anyone know that answer?? Larry