"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. "