Replies to post #13556 on Corus Bankshares Inc. (fka CORSQ)

[td31]

ya i pretty much understand all that but my issues are with the FDIC. you would think they understand that as well. As we have seen with other cases they will fight for what does not belong to them and if they can win on classifying the securities as equity then that leads to another mess of problems

[irishintelligence]

Errett, the FDIC clearly stated that the TOPrS are a debt/equity hybrid. Of course it is possible that the FDIC is wrong, however this suggests that 100% of the NOLs can be saved by TOPrS alone.

We'll find out soon enough. Shares can now be cancelled at any time.