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Re: AZCowboy post# 514564

Friday, 03/23/2018 1:48:33 PM

Friday, March 23, 2018 1:48:33 PM

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page 38 regarding NOLs

"WMIH and Nationstar believe that WMIH will have net operating loss carryforwards for U.S. federal income tax purposes of approximately $6 billion as of December 31, 2017.

The pro forma adjustments reflected in the unaudited condensed combined balance sheet as of December 31, 2017 included in this joint proxy statement/prospectus include a $1.05 billion release of the valuation allowance attributable to this deferred tax asset."



How can there be a $1B release of NOLs to use up? Is this a reflection of income presently unknown, soon to come in?
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