Hogwash. The 6 billion in nols still exist for another 15 years at a minimum. This is the stance of WMIH which is reflected in the financial statements filed. The language you cite is typical cya statement and does not negate the nols. Any deduction is subject to the same uncertainty. Did you forget. Tricadia informed the bankruptcy court of the nols to prevent the hedge funds from eliminating equity. Surely if the nols were bogus, the hedge funds would have so argued and won. But that didn't happen, Instead, the nols were an integral part of the valuation of the reorganized company, which was and had to be determined by Walrath. Moreover, the terms of the Series B are written around Section 382 to preserve the nols. So you expect everyone to ignore all the events that transpired and believe you over certified public accountants? sad.
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