The split taxes was a sweet deal. I wish they'd continued it.
I think the real agenda was not to discuss tax law but to voice the opinion that NNVC would decline in value so a conversion was not a wise decision.
How this all started was I responded to the suggestion that this was a good time to sell NNVC ("Seymour will never know") by stating I regarded it as an opportunity to convert shares to a Roth IRA.