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bkshadow

02/06/13 6:56 PM

#383561 RE: olti1000 #383545

Sure, as noted in the 10Q.

23/54
On March 19, 2012, WMIHC emerged from bankruptcy. Prior to emergence, WMI abandoned the stock of WMB, thereby generating a worthless
stock deduction of approximately $8.37 billion which gives rise to an NOL for the current year.



Currently, it is believed that the $5.5B plus the net $2.85B of the tax refunds paid out, approximate the $8.37B referenced in the 10Q that is then adjusted for the abandonment loss by days in the year and results in the $5.96B NOL disclosed.
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iPrelude

02/06/13 8:31 PM

#383579 RE: olti1000 #383545

Magnificent Olti, really appreciated