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Re: JB3136 post# 390167

Sunday, 09/29/2013 4:54:58 PM

Sunday, September 29, 2013 4:54:58 PM

Post# of 734086
As we all well know the IRS limits the NOL's for 2 years and this put a severely tight clamp on what this BOD can do because their whole goal is to monetize the NOL's to the highest bidder. WMILT has separate goals than WMIH. If you look back on the actions of the last 2 years. When EC settled the insider case against the crooks it was to protect the shares of the holding company to keep the large amount of NOL's locked in. They are the real true value to a shell company that will be acquired for them. The BOD has to string the shareholders along "we've looked at many acquisition candidates, but none were a good fit." Translation. "We are waiting to monetize the NOL's but with strict IRS guidelines on shopping them, we have to be very careful how we inform you [ the shareholder]." The EC settled because they didn't want to gamble on Walrath, then the long subsequent appeal process. Goal was to get out of the BK court and watch the clock. In the meantime shares will slowly rise as we approach the 2 year anniversary date, day traders can make a nice living off this stock in the next 7 months. Longs are in the slowly acquiring mindset and playing the waiting game till 2 year anniversary date. Shares will slowly ascend to a market applied NOL monetized PPS. IMHO.



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