Earnings for 2012 were nil. Book value is $0.15. It looks like something might happen in 2013 to clarify the future of this company.... "The Board believes it will strive to complete a transaction in 2013 if it finds a transaction that it believes maximizes value beyond a liquidation of the company, thus preserving some of its assets that would yield no value in liquidation, such as the Net Operating Losses and others."
RTYFZ has over $418 million or $13 per share in accumulated losses on its balance sheet. This Net Operating Loss (NOL) carryforward is a valuable asset. The following is a description from the Accounting Tools website, A CPE source for CPAs:
"The NOL carryforward is a valuable asset, since it can be used for many years to offset future earnings. A company buying another entity that has an NOL carryforward will certainly place a high value on the NOL carryforward, and may even buy the entity strictly in order to use its NOL carryforward. "