Ed Wimberly

It seems to me that investors are ignoring or discounting the value of NRD is holding of some $1.8 billion in tax credits which, once the suit against Foxconn is settled could be worth quite a bit of money in a sale to a company who needs the tax write off. Typicallythe write offs sell from anywhere from 50% to 75 or 80% of value. That’s a lot of cash to come in if and win in our DE chooses to sell the tax credits to a larger company. I’m just saying.

Yes jack, a win in the courts would be very important to the size of any return to investors. However, the fact that NRDE holds and owns 1.8 B in tax credits seems to be a significant, sellable asset, one that is valuable aside from foxcon. If a settlement is reached- and honestly, it seems that NRDE has a winnable case-the return to investors could be huge.

It is difficult for me to make sense of the fact that this stock is still hovering at its low point for over a year. This is why I believe eventually, it will pay off big time: in addition to a rather poultry $87 millionin cash, the company also owns some 1.8 billion dollars in tax exemptions that are sellable to any company who needs the tax write off. My understanding is that tax credits usually sell on average for $.50 on the dollar if this is true for NRDE then eventually those tax credits will be worth around $1 billion. That, in spite of the outcome of the suit against fox con.
Do the math. 16, million shares sharing around $1 billion in sales on there tax exemptions would come to around.$62 per share.
Call me a dreamer if you’d like, but I do believe once the fox con suit is settled in addition to whatever money they receive from that they will also have 1.8 b1 billion in tax credits to sell