04-01-2014, 12:09 AM
'jft310' pid='40624' datel Wrote:IOC has considerable tax losses. Collin MAY be right that the losses can be written off against the gain. Or tax free to IOC shareholders. Not sure what the accumulated losses are.???
A quick glance at the equity section gives you that answer. This is not necessarily the tax basis, but it gives you an idea:
Accumulated deficit (266,319,459)

