WMIH has met all requirements for the Worthless Stock deduction being an Ordinary Loss, not an Operating one. WMIH has to put the funds on the balance sheet. We will be notified of this soon. They by law have to inform their shareholders.
They have to show this, while there is not many entries for added value it should not take 60 days to audit a company especially a new one at that........However correct me if I am wrong the ordinary loss has to be reported in the first Q of operations........
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