Replies to post #105580 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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WAMU created a new NOL company meaning that the company only have the NOLs as an asset and issued the common shares of that company to shareholders which are wamu's CT and equity holders along with warrants.

this is what I’ve been trying to say when I say “indirect transfer”

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The NOL exception is they can create the NOL company and issue the new shares to the creditors along with or instead of equity. There are two paths to this. Either 49% to creditors and 51% to equity or with another exception 100% to creditors.

Those are the NOL play options.

The NOLs are not transferable means equity holders of the loss company have to be a part of the new NOL company or with the exception 51% or 0% of previous equity holders. But the exception have to be qualified.

I read that it just has to be a combination of old and cold. Meaning 49.9% can go to old and cold creditors, .1% can go to old shareholders, and the other 50% can go to more creditors.

[Joe Stocks]

>>"WAMU created a new NOL company meaning that the company only have the NOLs as an asset and issued the common shares of that company to shareholders which are wamu's CT and equity holders along with warrants. <<

What is the name of the new company?