Mar. 15 at 2:53 PM
$SRNE 💡 — Something people forget about: the NOLs
SRNE built up massive tax losses from years of R&D and failed trials. Estimates from filings suggest
$1B+ in NOL carryforwards 💰
Why does that matter?
Those losses can be used by a future company to offset profits and avoid federal taxes.
Example:
🔹 Company merges into the SRNE shell
🔹 Makes
$500M in profit
🔹 Uses SRNE NOLs
🔹 Pays little or no federal tax
That tax shield can be extremely valuable to the right company.
Even after bankruptcy liquidation, the corporate entity can sometimes survive if:
✅ Debt gets wiped
✅ Creditors are paid from asset sales
✅ The company keeps the tax attributes (NOLs)
At that point the shell can become a reverse-merger vehicle 🚂
Just something to keep in mind with
$SRNE.
AI-generated content and may be incorrect.
