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Re: iPrelude post# 377420

Thursday, 11/29/2012 10:42:43 PM

Thursday, November 29, 2012 10:42:43 PM

Post# of 735035
rubennaiz said
"So I think the OL should be (8.37/0.35)Billion; this is 23.914 billion"
and

The Section 382 limitation is applied annually so as to limit the use of our pre-change NOLs to an amount that generally equals the value of our stock immediately before the ownership change multiplied by a designated federal long-term tax-exempt rate.

which means you would multiply not divide

8.37bil*.35 = 2.93 Bil
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