Olti -- The word 'assets' has a specific meaning in legal and accounting terms. NOLs are "other assets" -- the word 'assets' includes non-physical assets. Litigation rights conveyed through WMILT are also 'other assets' conveyed to equity holders.
"Assets" need not be tangible, physical things. And frequently, are not.
I don't remember the exact quote -- but it was noted that the "NOLs of a bankrupt company are among it's most valuable assets" -- that's what they are talking about here.
Eg, not only "equity ownership" (aka, WMIH shares) but "other assets" (such as litigation rights though the WMILT) and "NOL assets" were part of the reorganization plan.
...Catz
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