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BB LIQUIDATING INC. Message Board

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  • blobqpk blobqpk Aug 26, 2011 2:52 PM Flag

    maggies nols

    how many of the nols are phony baloney ohhhh greeenie siegels tooooooties hanz bonkes and the goats?

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    • maybe bloaqworthnada knows best:

      "i recognize I'm not up to date on all of the details...however I read it that he and lebow owned 80% of the common with warrants. so in order to retain NOLs then even with dilution those guys can hold more than 50% of the company and keep us moving forward with the tax breaks. no? blockbuster (my only example because i followed it for years) never really had a chance to keep the NOLs as they had way too many unsecureds, they didn't close stores quickly enough, they had a HUGE amount of common...and Icahn and Wattles the biggest owners sold out entirely. What am I missing?
      this seems like a good chance to retain those NOLs, which may be a part of the business plan being presented to publishers right now. "

 
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