Followers | 17 |
Posts | 4260 |
Boards Moderated | 0 |
Alias Born | 12/15/2016 |
![](https://investorshub.advfn.com/uicon/587622.png?cb=1607204746)
Tuesday, February 21, 2023 11:32:43 AM
WAMU created a new NOL company meaning that the company only have the NOLs as an asset and issued the common shares of that company to shareholders which are wamu's CT and equity holders along with warrants.
>>
The NOL exception is they can create the NOL company and issue the new shares to the creditors along with or instead of equity. There are two paths to this. Either 49% to creditors and 51% to equity or with another exception 100% to creditors.
Those are the NOL play options.
The NOLs are not transferable means equity holders of the loss company have to be a part of the new NOL company or with the exception 51% or 0% of previous equity holders. But the exception have to be qualified.
I read that it just has to be a combination of old and cold. Meaning 49.9% can go to old and cold creditors, .1% can go to old shareholders, and the other 50% can go to more creditors.
FEATURED ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM