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56Chevy

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56Chevy

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Re: OHMYGOD post# 1416

Wednesday, 12/26/2012 4:19:08 PM

Wednesday, December 26, 2012 4:19:08 PM

Post# of 2577

Assets>liabilities

Yes...however Assets were configured (and released at the time of the filing) based on historic valuations...not current valuations. There could be a significant material difference.

Setting the results of the Clipper Wells Project aside its debatable equity survives...I'm not optimistic ...but there are considerable NOL's involved here (perhaps $1 Billion +) and that could change everything.

NOL's imo are the best argument an equity holder would have going forward...and it would be a good argument. We'll see.


Learn something new every time you invest...and take it with you to the next opportunity.

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