tax credits can imply an intrinsic value that the land value and...

tax credits can imply an intrinsic value that the land value and or potential cant at the moment. The market says the company is currently worth $6m without any knowledge of the tax loss value. If that tax loss value was determined by a reputable accountancy firm & discounted - then we can argue at a minimum what the company is worth. Who knows if that is 2 cents or 10 cents a share buts its time to let the market & competitors know because as an asset its worth something. And it could be significant, so why keep it quiet ? The share price needs to get closer to that minimum value ideally through a combination of valuing those taxes losses + the land value, ignoring the potential at the moment. At a minimum management should not be raising capital below the intrinsic value of those tax losses.