Corus Bankshares Inc. (fka CORSQ)

[irishintelligence]

Billiam:

Did you see my post from last night? I reposted it below. Tricadia et al worked with the 382 rules to retain a significant amount of NOLs without common equity.



http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=7261643&SessionID=RRKjHSCVNXcyrl7

This link will discuss, in detail, how NOLs were preserved while canceling common shares.

--My post previous to this stated that Six Flags retained $1.3 Billion of NOLs.
--The link above discusses $2.1 Billion of NOLs and an ownership change.

Therefore...Tricadia et al figured out how to save 62% of Six Flags NOLs...with an ownership change.

Tricadia's largest holding? Six Flags