Agoracom: Small Cap Investment - Mosaic ImmunoEngineering Inc. - RE: Was there an ownership change, so NOL limitation? Nathan

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

Reply New Message

Back To Forum List View

FutTheWuk

Rank: President [?]

Points: 9784 [?]

Votes: 143 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

RE: Was there an ownership change, so NOL limitation? Nathan

posted on Mar 25, 2006 08:22AM

More to the point, here`s the critical reference -

``(1) In general

There is an ownership change if, immediately after any owner shift involving a 5-percent shareholder or any equity structure shift—

(A) the percentage of the stock of the loss corporation owned by 1 or more 5-percent shareholders has increased by more than 50 percentage points, over

(B) the lowest percentage of stock of the loss corporation (or any predecessor corporation) owned by such shareholders at any time during the testing period. ``

Since there is no change by more than 50 percentage points, there is no change in ownership.

Reply New Message

Back To Forum List View

Please to post a reply