Good grief please don't pile in based on that assumption! I'm...

Good grief please don't pile in based on that assumption!

I'm not a tax expert, but I think under the tax laws, accumulated losses can only be offset against future profits if there is continuity of ownership and continuity of business.

A reverse merger of another business would usually break the continuity of ownership test, and the new business would not be a continuation of business.

Someone more versed in the ins and outs of corporate tax may be able to say better, and you'd want the say so of a qualified tax professional before you buy into this stock on the assumption the tax losses have some value!