First Place Financial Corp.(fka FPFCQ)

[jaxstraw]

Someone might be taking a bet that FPFCQ will be able to negotiate with Treasury and have the TARP debt eliminated, reduced, or extended.

If that becomes the case than the undetermined value of the NOL's might make buying at some level a risk some investors might be willing to take.

But without a company having assets to generate positive cash flows the NOL's really wouldn't add much, to any, shareholder value IMO. Others might want to chime in on that since accounting principles are not my forte.

And there is some precedent as far as Treasury forgiving the debt...but it is rare.

http://www.bizjournals.com/columbus/blog/2012/06/tarp-forgiveness-for-cfbank-not-so.html