Friday, January 20, 2017 2:37:49 PM
but seriously, ...
Yes, That is correct and as presented to Judge Walrath on the record in open Court by the WGM Attorneys as well' ... Once "WMB and its assets" are formally segregated and removed from the WMI Tax Group ... Then the reorganized WMI' (WMIH-Corp) is no longer in a position to utilize those initial Tax Allowances' ...
These are IRS General Rule' Tax Allowances which are made available to all company's exiting into a Plan Approved' "Reorganization"
A Capital Loss Tax Allowance ?, is able to be utilized for five years future' ... In WMIH-Corps case ? that period ends on March 16th, 2017 ... and' the availability of an $8.37 Billion Dollar Tax Allowance, as has been revealed in every WMIH-Corp SEC Filed Q & K Document since the Reorganization' ... goes away' ...
A Net Operating Loss Tax Allowance ?, is able to be utilized for twenty years future' ... In WMIH-Corps case ? that period ends when "WMB and its assets" are segregated and removed from the Original WMI Tax Group' ...
... so basically, the NOL baby' gets thrown out with the proverbial WMB bath water' ...
once WMB completely leaves from our continued ownership ? to a full and completed transition to JPMC, as stated once the FDIC completes the receivership, the NOLs, and their available usage ... go away ...
ONE can not keep the NOL Tax Allowances' ... if ? ONE gets rid of the actual NOL' providing entity' ... or in our case, gets paid for WMI's property by the FDIC (the IRS doesn't allow that)
AZ
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