The only relevant focus of this case is NOT the 'BK' ... but the mountain of NOLs that were the SOLE property of old HIP Cricket.
Ignore EVERYTHING else that's happening in this trade, and FOLLOW THOSE NOLs, eh?
There were, and ARE, $37.95 MILLION worth of them.
So you must continually ask yourself this ONE simple question:
WHO ... WHO ... WHO ... turns their back on moving all of those NOLs onto its balance sheet.
There's no need to do "DD", or "research" or indeed, ANYTHING else.
You ONLY need to ask yourself this ONE simple question:
WHO ... WHO ... WHO ...turns their back on moving $37,950,000.00 of old Hip Cricket's NOLs onto its balance sheet.