Clawman,
If you attended to the last shareholder meeting Tagar Olson from KKR stated that the NOLs together with leverage (this is what KKR does...) don't make much sense.
So I will be hesitant to make a call, instead will wait to see what the BOD tells us in the next 10-Q which is due on about Nov 9th or earlier. Do they still "believe" in the NOLs or they don't ?!
If they maintain that the NOLs are still there and they can utilized that's fine we can continue to have the discussion about acquisitions. However, I am really more interested in the faith of WMIIC and whether it will be dissolved as the management of WMIH expects by the end of the year.
Uncle Bo