If we had access to other Bankruptcy Filings we could verify this, but in gross numbers and from memory
I believe the debtor has, assets to distribute:
a)cash : 6 million (lets say $4 million after all this mess is set and done)
b)1 Billion in different tax assets (of which $700 millions is NOL but $300 Million is a NET TAX advantage, in some cases a cash (tax) refund)
c)Assets to be discovered down the road (coz debtor didnt have Access to its records/filings when filed for bankruptcy) Unknown, but I believe more than Zero and probably a wild/large card here
d)Trusts, bankruptcy remote assets? Unknown
Under current tax reform nols go at 21%?? but real cash value at a discount of 50% is 10,5%?? you cannot sell nols, you can use them
so nols = $73,5 million in pure cash
tax refund + net tax advantages (of 300 million)?? this is worth a lot of money
JMHO
