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SC777

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SC777

Re: Steamed_User_1 post# 993

Tuesday, 11/07/2017 8:17:24 AM

Tuesday, November 07, 2017 8:17:24 AM

Post# of 1705
TVIAQ has $900M in NOLs which were NOT part of the Corbion deal.

Early bankruptcy filings indicate that TVIAQ plan is to reorganize and use the $900M in NOLs, see page 3 of this filing, where they mention maintaining NOLs AFTER reorganizing:
http://www.kccllc.net/terravia/document/1711655170802000000000005

Also, according to the Corbion purchase agreement, on page 44, they carve out NOLs from the Corbion sale:
http://www.kccllc.net/terravia/document/1711655170915000000000005

This article explains how a company can successfully reorganize using massive NOLs, with equity surviving. I think many of you guys are MISSING THIS COMPLETELY:
https://www.skadden.com/insights/publications/2012/10/bankruptcy-court-approves-innovative-plan-preservi

SOMEONE PLEASE STICKY THIS POST, IT IS BEING MISSED - I've been here for months, since I read the NOL court filing.
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