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WMB has been out of the TAX GROUP since...

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bkshadow Member Level  Friday, 11/10/17 05:23:14 PM
Re: None
Post # of 496317 
WMB has been out of the TAX GROUP since...

...abandonment.

...as noted in all documents.

...and hearing transcripts.

...there were two ways WMB could leave the TAX GROUP.

1. The receivership concluded, or (note, not both)

2. WMI 'abandoned WMB.

...WMI 'abandoned WMB (which by itself had $17B of NOLs that 'could never be used), in order to get ORDINARY LOSS treatment on the abandonment that generated the $8.7B NOL "prorated" days after/days in year by abandonment date, netting almost $6B in NOLs (unrestricted).

...pure credentialed facts disclosed for almost 6 years.

...the suggestion that the end of the receivership (or even more confabulated that completing the P&AA with JPM) marks the exist from the TAX GROUP is, well "nonsense" in the kindest of terms.

Quote:
Again, ... The billions of dollars in NOL Tax Benefits ... Are Gone’ ... Since the completed P&A Agreement between the FDIC and JPMC’ ...



...again, totally outside the reality of the court documents, arguments and hearing transcripts.

...and it has NOTHING TO DO WITH THE TPS EXCHANGE EVENT.






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