Replies to post #3233 on Corus Bankshares Inc. (fka CORSQ)

[eyeownu]

The more shares Mr.Big acquires the greater NOL he can claim? is this correct?

[hang ten]

so to buy up the float is not a change of ownership, ie owning the shares?

from pathan's post 3229:
"ownership" change - which is defined as any shareholder owning > 5% shares and increases his position by 50%.


I can't believe it would be so easy for co's in the black to buy shareholdings in loss co's to lessen their tax committments. think of all the pk's available now that can bring hundreds of millions of nols.

going back to my post, that's why I agreed with you that the Trust Preferred Sec's would be an easier target.

[pathan786]

Billiam_2, I am just looking for some clarity around "ownership change" and everything online is leading to IRS sec 382.

Look at the link below:

http://www.riskmetrics.com/policy/2009_nol