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Re: AZCowboy post# 490624

Thursday, 10/05/2017 10:00:04 AM

Thursday, October 05, 2017 10:00:04 AM

Post# of 734505
AZ, you know what you are saying here? Seriously? That would render WMIH nearly worthless. The $5.9B NOLs is their largest (and only) assset. They would need to file an 8-K.

And IF any "final payment" was made (which caused the NOLs to "go away") by JPMC for WMB as ron (and you) state, that money would have gone to the WMILT, not WMIH, making WMIH a worthless shell now.

I think this kind of negative and IMO outright false speculation of the loss of NOLs brought the PPS down IMO.


~ JusticeWillWin, Specific To Your Question ~

The information regarding the removal of any NOL' Tax Advantage associated with WMB' ... being is no longer available once the original, SALE OF THE BANK, WMB, was ultimately finalized' and completed ... was revealed in Judge Walrath's Court'

This exchange is referenced in the "Open Court Transcript" as J. Carreon is introduced to Judge Walrath by J. Mastando (Weil) ... and, answers Judge Walrath's specific question regarding any future Tax Advantages' ...

As has been revealed in all of the SEC K & Q filings by WMIH since its reorganization, ... WMIH has been using this tax advantage' ... for a zero taxation responsibility' ...

NOW that the P&AA has been completed and WMB has transitioned to JPMC has been finalized, ... The NOL Tax Advantage associated with WMB is GONE" ...

* The P&AA Contract between the FDIC & JPMC was put into effect on 09/25/2008' ...

* WMB was always going to eventually be sold to JPMC'

* The NOL Tax Advantage was always going to go away with the completion of the original sale of WMB to JPMC'

* The NOL Tax advantage has had ZERO to do with any other M&A moving forward, The NOL Tax Advantage was specific to WMB'

AZ


=====> Just my personal opinion, no investment advice!
=====> I am long WMIH

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