Well Jacob no one but you and your cronies have said that there will not be cancellation of debt. BBEP even stated that there might be a CODI, which I take as there will definitely be CODI.
VNR cancelled their debt. and they didn't even file Bankruptcy yet. Go look it up kittttees. Line is going to cancel their debt. These MLP's are filing chap. 11 to get rid of their debt. while the common unit holders get hit with CODI.
Hey Jacob, just last week you were saying this stock was fantastic and you were buying like crazy? REALLY?????
I wouldn't wait to long. A CODI is coming. If you think your screwed now just wait til you get hit with the CODI.
LOL The pumpers are out of their minds!! I would think that at least one of the pumpers would have tried to get some info pertaining to CODI so they could come to this board with a little more than a conspiracy theory. Maybe they have looked it up and realize we are right. But refuse to admit it.
You just don't get it. This stock can go to zero and if a CODI is generated you are going to be taxed. Doesn't matter if your shares are wiped out or not. I am not saying a CODI will definitely be generated, but there is a good chance of it. and the more shares you own the larger your tax hit will be. a CODI has nothing to do with the price per share.
Ok you people are becoming really delusional !!! Really? Paid bashers ? Who's paying them? You are all losing your freaking minds!!! That's what owning BBEP does to people!!!
CODI is reported as ordinary income. I do not believe it can come off of a capital loss carryover. You should probably ask a CPA.