"according to Kevin Starke"
Ummm, Kevin Starke is Rosen's B!tch, and Rosen is Starke's B!tch.
They might even be butth.ole buddies for all I know, but Starke seems to get an awful lot of information way before everybody else does.
Kinda funny, don't you think?
Starke is also a paid shill. He'll say/do anything to make money, even if it involves doing "unsavory" things.
And to combine answers with some related posts, yes, Dimes WILL be Class 12. Or Steinberg WILL be appealing this to District Court, and then you will have NewCo possibly issuing new equity to the Ltw's AFTER the Effective Date, and THEN, you will have some (if not all) of the UNRESTRICTED NOL's (clearly the largest asset of NewCO), go out the window, down the tubes, up in smoke, etc., due to that pesky little IRC §382.
Read the DS yourselves, at pp. 224-22 of the pdf. (seeDS at §VIII(A)(2)(a)(ii) for discussion of Dime Ltw's and their potential effect under §382).
Art Steinberg WILL get the last laugh. Money in the bank.
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