The company generated cash this past quarter and expects to generate cash going forward. Read the press release again. HNH has invested a significant amount of its cash into MLNK and is seeking board seats. After trying to get a nice deal for themselves, the last official deal was to simply invest $5/share. They did pull that, but let's see what happens going forward. Based on the cost cutting measures, the sale of TFL, the prospects for positive revenue growth (first time in years expected during this current quarter), MLNK should generate substantial EBITDA and FCF. That coupled w/ the NOL means this is not a zero.
another profitable company which buys them can use NOLs. "Chapter 11" is the most popular comment on message boards. Even if they won't improve their business at today's negative earnings you are talking at least 5 years from now. What is the point to bring this up?