News Focus
News Focus
Followers 50
Posts 4234
Boards Moderated 0
Alias Born 10/22/2010

Re: olti1000 post# 383545

Wednesday, 02/06/2013 6:56:41 PM

Wednesday, February 06, 2013 6:56:41 PM

Post# of 749756
Sure, as noted in the 10Q.

23/54
On March 19, 2012, WMIHC emerged from bankruptcy. Prior to emergence, WMI abandoned the stock of WMB, thereby generating a worthless
stock deduction of approximately $8.37 billion which gives rise to an NOL for the current year.



Currently, it is believed that the $5.5B plus the net $2.85B of the tax refunds paid out, approximate the $8.37B referenced in the 10Q that is then adjusted for the abandonment loss by days in the year and results in the $5.96B NOL disclosed.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today