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big-yank

08/28/14 9:59 AM

#4362 RE: mike_usa #4361

I am not sure of the relevance of NOL metrics and XIDEQ. If more than 50% of equity changes hands in a CHXI, no carryover is permissible. I find it highly unlikely that the refinancing presently under discussion would involve anything less than 75-80% of equity for the expansive financial re-engineering of the balance sheet and enough liquidity to continue operating as a going concern.