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Billiam_2

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Billiam_2

Re: td31 post# 13545

Wednesday, 09/28/2011 7:01:21 PM

Wednesday, September 28, 2011 7:01:21 PM

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According to IRS rule 381 (5) only old equity gets 100%. To trade TOPrs for new equity will only gain about 10% of NOL value. The NOLS by definition belong to the original owners of the company. To alter that would severely reduce the payout. A debt for equity swap with old equity is the best method to preserve the NOLS.

BUY FEAR / SELL STRENGTH

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