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Post# of 735709
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jackfburns

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jackfburns

Re: fsshon post# 357777

Tuesday, 01/17/2012 11:03:38 PM

Tuesday, January 17, 2012 11:03:38 PM

Post# of 735709
Don: You may have nailed exactly why the EC settled for what they did:

Oh! the IRS says I can not sell or merge with another company for NOL's to be used by the acquiring company... But guess what? I don't care about the 6B in NOL's anymore, because I just put a 26B Ordinary Loss on the books and sell my Ordinary Loss!!!! I can now merge "with any" company that wants to acquire me for my OL because the law does not single out this type of acquisition. We are not using the NOL's, we are using the loss we took for WMB Bank Stock as an instrument of value.

Jack
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