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To: Dennis P who wrote (12637)2/23/1999 3:48:00 PM
From: taxgun  Read Replies (1) | Respond to of 19109
 
"am i missing something" ??
***********************************
look...engaging arnie is wasting my time <g> and right now, it is
very valuable :))
here is a FACT---tmmi spent millions in the past, ergo, they have
losses...or did they EARN millions, too?..as a CPA, arnie knows that...they spent multi-millions, from what i remember...i think
larry could confirm that part...now, few people have been sucking
people into buying this stock, lately, with hype...most of the
optimistic people (we know who they are) just state what they think,
without hype...now, the bashers (we know who they are) continually
try to anti-hype, if you will...where is "both sides of the coin" ?
I AM SICK AND TIRED OF THE BASHING !!
jp



To: Dennis P who wrote (12637)2/23/1999 4:07:00 PM
From: Arnie Doolittle  Respond to of 19109
 
"What has the earnings of a company looking for a shell got to do with anything?"

Here's what you're missing: When one tries to value a public shell based on NOL carryovers, the acquirer's future earnings are paramount. Otherwise the NOL has no value to the buyer because he can't offset the NOL against future earnings.

Arnie