linda,
if the transform holdco deal is approved, i'm not exactly sure what assets would be left for shc around which they might reorganize to utilixr any of the nol benefits.
there don't seem to be any real assets left. after liquidating the closed stores and utilizing that money to pay ongoing bills, what's left?
i guess they could leave a corporate shell with nol's as their surviving asset and then try to sell that.
under that scenario, guess they could merge with holdco but as of now, understanding that is beyond me although it does present an interesting option.
for the nol's to survive, my understanding is the company acquiring the nol's has to operate in substantially the same arena as that which gave rise to the nol's in the first place.
think my brain was a little fried when i first thought shc had missed the deadline for requesting an exclusivity extension for filing a por. was thinking it was a 3 month time period instead of a 4 month period.
at any rate, from reading that doc, it doesn't seem like much, if any, progress has been made to draft a por.