News Focus
News Focus
Followers 0
Posts 100
Boards Moderated 0
Alias Born 06/11/2009

Re: bkshadow post# 383535

Wednesday, 02/06/2013 4:57:05 PM

Wednesday, February 06, 2013 4:57:05 PM

Post# of 749756
foot note 209 221/282 read carefully from the disclosure statement.


3 This takes into account a Stock Loss of approximately $5.5 billion, based on WMI’s current estimate of its
adjusted tax basis in the stock of WMB. WMI’s adjusted tax basis, and thus the resulting Stock Loss and NOL prior
to the potential application of section 382 of the IRC, may potentially increase by approximately $3.6 billion in the
event certain amounts provided for under the Global Settlement Agreement are respected for federal income tax
purposes as capital contributions. The parties to the Global Settlement Agreement have generally agreed to treat all
amounts paid, waived, allocated or transferred by WMI to WMB, the FDIC Receiver, FDIC Corporate or to JPMC
as capital contributions from WMI to WMB, which amounts may be significant. Whether and the extent to which
such amounts will be respected as capital contributions for federal income tax purposes, increasing stock basis and
the Stock Loss, however, is uncertain.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today