BB Liquidating Inc. (BLIAQ)

[martydube]

What is a 'Net Operating Loss - NOL'

A net operating loss (NOL) is a loss taken in a period where a company's allowable tax deductions are greater than its taxable income. When more expenses than revenues are incurred during the period, the net operating loss for the company can generally be used to recover past tax payments. The reasoning behind this is that corporations deserve some form of tax relief when they lose money, so they may apply the net operating loss to future income tax payments, reducing the need to make payments in future periods.

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So with Blockbuster having $200M+, Icahn will use these NOLs as he is known for utilizing NOLs for tax purposes.

Who wouldn't want to utilize over $200M+?