Upon emergence of bankruptcy, the original WMB stock was regarded as worthless and therefore an "Ordinary Loss". Some have said it was a loss of up to 26 BILLION. The Audit has said it is a 8.9 B loss that needs to be used in the year the loss occurred, 2012.
We could be purchased by a company for the use of our "OL's" but we would then lose the use of our NOL's.