After going through all this back in 2010 or so as I remember equity has to remain in tact in order to utilize the NOL’s If this comes out of BK with GS attached this is huge.
What is sad we had a chance to use a company called Ranch capital that was going to develop residential real estate in CA and we turned them down for Signature group and they BK’d again lol I see GS as a golden opportunity for what’s left of the old Fremont General Corporation. Jim would be happy to hear..