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Re: uzualsuzpect post# 83300

Tuesday, 07/28/2009 5:15:28 PM

Tuesday, July 28, 2009 5:15:28 PM

Post# of 730709
All holders post seizure are limited to own, by court order a maximum of approx 4.75% of the outstanding share total. If anyone owns >4.75% the will be forced to sell off the excess shares until they have <4.75% as has happened recently. It has to do with preserving the ownership of the company to protect the NOL(net operating loss)/Tax rebate value. This value could possibly be eliminated or reduced significantly if a change of ownership occurs via shares being accumulated by a post seizure entity. I believe the NOL value is approx $20 Bil which will translate into a $6.5 Bil refund to WMI.
At present JPM/FDIC are claiming all or part of this refund for themselves!!!!
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