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justthefactsmam

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justthefactsmam

Re: north007 post# 32698

Tuesday, 03/19/2019 7:31:26 AM

Tuesday, March 19, 2019 7:31:26 AM

Post# of 37346
"in order for the NOLS to be transferred EL would need to buy the stock. You are talking about billions left behind."

not necessarily true:

linked article below has been posted before but seems to have been ignored. while the author thought the "securities consideration" was somewhat opaque, the docket clearly spells out what the securities consideration is. the securities consideration is 3000 shares of class b stock in transform holdco which will be distributed in accordance with the distribution agreement set forth in the apa.

https://news.bloombergtax.com/daily-tax-report/insight-sears-net-operating-losses-will-survive-bankruptcy
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