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Re: guster0 post# 39523

Tuesday, 02/25/2014 4:41:02 PM

Tuesday, February 25, 2014 4:41:02 PM

Post# of 116190
>>POR will liquidate until it's all gone I can't make up the 100 + b equity is short to cover the liabilities, to much deficit.<<

...and the $100+ bil deficit will be an equal amount of cancellation of debt (COD) which goes against NOLs dollar for dollar. The IRS does not allow a company to cancel $100 bil in debt and keep $55 bil in NOLs. Don't agree? Study section 382 of the internal revenue code.


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