Exide Technologies fka EXTC

[stockanalyze]

"The Debtor’s NOLs are a valuable asset because the Debtor generally can carry forward its NOLs to offset its future taxable income and, therefore, its tax liability, thereby potentially freeing up funds to meet working capital requirements and service debt."

“Thus, the Debtor’s Tax Attributes are a valuable asset of its estate, and their availability could improve creditor recoveries.”


this shows that ownership change matters and commons must survive if they want NOL’s. some have been yanking here stating that nol's don't matter. cancellation of commons would mean ownership change that would wipe NOL's.

“By way of illustration, if the Debtor had undergone an ownership change as of June 6, 2013, it would be permitted to offset with pre-change losses no more than approximately $722,066 of its income in each post-change tax year, which amount is the market capitalization of Exide (approximately $26.74 million, as of June 6, 2013, based on 79,333,110 shares issued and outstanding and a trading price of approximately $0.34 per share) multiplied by 2.70% (the long-term tax exempt rate for ownership changes occurring during June 201310). Taxable income in excess of this amount would generally be taxable to the Debtor at a federal income tax rate of approximately 35%”


“At this early juncture, the Debtor seeks to establish procedures enabling it only to monitor those types of trading in equity securities…”


do you think this is the reason volume is low? they are monitoring it and keeping it low?

but why preserve nol’s when some have been yanking the NOL concept here over and over again? sell your shares and relieve yourself of misery. lol.


http://www.exiderestructuringinfo.com/pdflib/14_11482.pdf