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Thursday, 01/03/2013 9:39:20 AM

Thursday, January 03, 2013 9:39:20 AM

Post# of 730167
Tax Attrinutes and WMIH

Even though early on I thought that WMIH would try to utilize the Ordinary Loss by the end of year 2012 which has not happened at this time and as things evolve so do I. I began to change my thought process on this around August/September 2012 or so to where I started to believe the “more important” date would be March, 2013 as March 16th, 2013 is when the final releases are due for the former WAHUQ holders and I believe these people are the “heavy hitters” that have to be appeased. Second to this is if WMIH wants to buy another company without a shareowner vote to be incorporated into Delaware, they have to do so By March 16th, 2013. IMHO, these are very important reasons among others that I will not go into.

Another reason I am very happy to see that WMIH did NOT use the Ordinary Loss for 2012 is that this may have been a rushed deal or so, something I DO NOT want to happen. I want this done correctly and for the long term. I am happy that this appears to me what WMIH is doing…preparing for the long term.

I have no doubts there is between 15-45 billion worth of total tax attributes and I would like to see them do this right and to be able to use the entire tax attributes for the longer term. This to me would be a consistent, very profitable and large organization being built that will have many positive shareowner rights along with dividends being paid for many years to come. The Golden Goose that keeps giving!
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