AI
Friday, June 08, 2012 11:05:40 AM
Of course if LBH simply sold Archstone off to the public, they could use the proceeds as they saw fit.
If however they created a new LBH/Archstone in order to take advantage of the NOLs, the money raised would not be the old LBH's and could not be applied to debt.
Warning: I'm not a lawyer. But I do watch lawyer shows on TV
John
Americans are so enamored of equality, they would rather be equal in slavery than unequal in freedom. -- Alexis de Tocqueville
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