Octave Specialty Group Inc (OSG)

[VortMax]

huge 10k just out

http://ih.advfn.com/p.php?pid=nmona&article=56873354

only had $93M losses in 2012 compared to a $1.9B loss in 2011. Going green in 2013.

you'll note that they state commons are wiped....they have to state that to keep speculation down. If they activate the NOL's, then they can't wipe the commons and have to activate the saved shareholder plan. If they activate the NOL's, which they show $6B in losses in the past several years so the NOL's would be about a $2.5B asset to them, then funds will be buying majorly.

A NOL is a net loss carryforward. Because the company has had $6B in losses, they can write those losses off against future income and have $6B in income tax free. It'll save them about $2.5B dollars. Its a huge asset. However, can only use the NOL's if you emerge from BK with virtually no change in ownership. Its in BK law. This is why %5 owners of commons will be able to become part of the new company.

Anyway, this is going to blow as funds make their decisions that ABK will actually use the NOL's.