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Re: SwissCheeseAccount post# 80065

Wednesday, 08/15/2018 9:13:52 AM

Wednesday, August 15, 2018 9:13:52 AM

Post# of 110541
Its accurate on reporting what is required. There are items that are not that easy to determine its value. And then there are items that fall between the BK and tax laws which is a gray area in determining its value because it is not recognized yet like the NOLs. Then there are the SPV and the derivatives. I do think most of the derivatives are resolved though but, some I also believes remains. These are all off balance sheet. There was talk to write a law or code or whatever to at least bring the NOLs onto the books but, that stalled. It never happened so, here we are.

They truly need to bring off balance sheet items to the books because its not fair to creditors. They can only distribute what is on the balance sheet. That is my honest opinion. I am not complaining. We are benefiting from it with the Prospectus. Regardless, CTs are built to survive. It just gives us more chances at more value especially after discharge.