<< In connection with the closing of the transactions, the Company expects that it will more likely than not be able to realize a significant portion of its approximately $88.9 million deferred tax asset and therefore will release the related portion of its valuation allowance. As of March 31, 2010, the Company’s net operating loss (“NOL”) carryforwards were approximately $231 million. >>
Someone here raised the question if the new company, BDE, would be able to take advantage of the big NOL's. Well, they said yes.
The stock is expected to start trading on the NASDAQ, though the PR says they'll list under the symbol of BDE, I am quite curious though as I thought that the NASDAQ has a four character rule requirement. Minor issue, though.
Another major news item.
<< The Company plans to file a Current Report on Form 8-K with the Securities and Exchange Commission no later than June 4, 2010 which will include pro forma financial information and historical financial statements of Black Diamond and Gregory as well as other information regarding the transactions and the Company. >>
I would guess that future / new investors in BDE would want to see some financial data. So, this is good news ( I hope ).