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26/08/11
19:42
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$100 million worth of deferred tax losses.
are there any tax gurus out there who can calculate what this is worth to a going concern like VIE?
if VIE accepted the mcx takover for example could they effectively generate 100 mill in profits that would be tax free?
if so, MCX has to be worth way, way more to someone for tax reasons than the current $3 million MC.
i hope the new boys can find a way to unlock this contained value if the VIE bid fails.
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