Seanoise you know a lot..lther are two things i dont understand.:. one is why go to the bother of writing down the NOLS any way? Does it cost to keep them on their books ? What difference did it make for them...(they put effort into this for sure). Secondly i dont understand why Paulson would as far as engaging in illegal share parking when her transferred shares to his lawyers? He knew shares were going to be cancelled ....why not just sell the lot on the open market ?
New Message board formatting on PC is challenging. I am wrting from phone.Yes in fact we are getting some traction but a solution is not necessarily iminent or certain.
Did they discovery an error because they do not have taxable income ? Surely the NOLS are what they are even if the company does not have taxable income . Why go to the trouble of " discovering" an error in the year 2010? Also their account would have been audited a few times since 2010.
in the later part of form 8K files 12/06/12 lender discussion material, financial overview, page 18. How about that ?
Davephili 10 I think you have a good point.
Try writing to the US TRUSTEES about this. It will not cost you any thing and who knows. The confirmation hearing is on Friday next week so time is running out for the shareholders, Give it a shot.
In the cited filing DEX MEDIA announces they have detected an tax accounting error for fiscal year ending 2010 and claim inability to file 10K.
In the subsequent disclosure for joint prepackaged plan dated May 2nd they estimate their NOLS as being only $317M when in September 2015 they stated NOLS were $875M.
Any ideas to why the NOLS have been written down by $558M ?
I wonder why the company would go to the trouble of discovering an error from 2010 and then.... disclose the mistake.... I thought they would be too busy looking after the existing business.