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elephantstomp

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elephantstomp

Re: footballref-8541 post# 467170

Thursday, 11/10/2016 11:20:49 AM

Thursday, November 10, 2016 11:20:49 AM

Post# of 734696
I've never believed the NOLs were absolute. They've always stated "we believe" with regards to the NOLs. The NOLs are based on what was known during the bk and the IRS provided an estimated based on that.

I believe the amount of NOLs would have to be restated if there were assets in bk estate, found or otherwise. Depending on the amount, they could wipe out the NOLs.

I don't think I've discussed it, because I don't recall anyone discussing it for a long time.
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