Ambac Financial Group Inc (AMBC)

[VortMax]

The IRS believes its owed money here from ambac overstating its losses in 2007 thru 2009. I dont see them backing down. This amended por could be a doozy. Im hoping this forces ambac to split the company up and sell some portfolios and assets to repay the creditors and take the currently profitable portions of the company and reorganize under that with shareholders and the NOLs. Its going to be the big boys drivingthis train, and if they hear the irs is going to force changes here we will see money pour in. The recent volume is not retail daytraders, so somebody is seeing something.