Replies to post #197 on AICI Capital Trust 9% Pfd (fka AICPQ)

[vpagano]

Okay, activist is the wrong word to use I suppose.

If I remember back to my investment banking class, NOL's would be worthless you're right because of there being no value to the stock.

Fair Mkt. Value stock * LT Tax Rate (about 2.5% I think)

= amt. NOL's that can be used per year by acquiring company


So nothing of use there, but the NOL's themselves also expire at some point too if a recap. is on the table in some form. Do we know how long those are good for? Of course the financials I have from Chevy are old, so I don't have much to go on.

A debt for equity swap and capital infusion down the road would be a pretty interesting thing to be a part of.