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Re: None

Sunday, 12/28/2008 3:18:15 PM

Sunday, December 28, 2008 3:18:15 PM

Post# of 730709
Anyone come across any exceptions to the change of ownership rule for NOL? Read(wamurape.org) that there is possible avenue that shares can be cancelled and most or all Nol value retained for new entity. There are exceptions for Nol tax law but I'm not sure if any applies to WMI.

Note: Fact that most of WMI's assets are non business(cash + securities) assets does also affect Nol value. A buyout would be the best option to retain 100% of Nol benefit but done before "Paulsons Law" is repealed by congress.
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