DUDE: assume (and DC EMHOFF - - who dat???)................that the UWBI cusips are WIPED OUT AND WORTHLESS..............who cares....???.........
x.xx, per..............uwbi doesn't exist..............(yawn)..........(yawn)........so what, life happens.....the THRIFT FAILED and was seized........(yawn)........
minor problem with the WIPE-OUT mentality..................???..............FRANK..........'member that AH...........???......no.......well, this FRANK dork bought the uwbi holdco and captured the NOLs..........used 'em up...............netted over $25mm on the transaction, via the spread......(but his mother saved over $55mm in estate taxes and also benefitted the bank's capital level and was able to convert mommy's stock into preferred = tier II capital)...............
if the UWBI holdco sale to FCNCA transaction is not completed in accordance with the strict IRS rules on like-kind NOL/tax credits.......=.........CRIMINAL SUPPLICATIONS........if we don't get paid on the holdo proceeds......FRANK B. HOLDING, Jr.....goes to prison (possibly).....hello.........???
ARMAGEDDON on uwbi = $8.50 per......worst case.......probably nearer to $9........$6 per on frankie's feces and $3 from the FASCISTS.......if sonterra dies on legal loop-holes......aimho.....
