Aug. 26 at 2:59 PM
$SNFI I think all we can hope for is the board issues 500 million more of those authorized shares.
The net operating loss isn’t any use to us if there’s no income to offset.
IRS dictates that if a company acquired us to use the NOL they could only write off a percentage of what we are worth at the time we are acquired.
Based on our market cap right now, 25 million, a company that acquired us could only write off a little under 4% of that value per year, which comes out to around
$950,000 per year. So it would take over 1000 years to get the value of the NOL that way. We aren’t valuable in terms of an acquisition for the losses.
Best case scenario, we become a holding company that buys a whole bunch of businesses.