http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70736927Zitat clawmann:
GPG: I am certain the present market value of the NOLs we are getting/keeping is significantly greater than the present market value of the NOLs we are giving up.
I am beginning to appreciate the cleverness of this entire transaction structure. One point: why did we keep the existing reinsurance portfolio as a newco asset (valued at $140 million according to the EC's Q/A doc) and at the same time accept a $140 million obligation that is only secured by the income from that portfolio? Why did we not just give the existing portfolio to the SNH's? Answer, I think: Because we don't want to look like a shell to the IRS. We have an existing portfolio of reinsurance business and that is the business we are in (OK, it's leveraged to the teeth, but it's still ours). And we want something to back up our assertion that we are in the reinsurance business.
This is all about setting the company for a merger with or acquisition by/of another reinsurance company, enabling the much quicker use of those NOL's. I am sure of it. Nobody will say that; and for very very good reason. So don't expect to hear anything like that until this company has been out of bankruptcy for a bit.
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Zitat Yanik:
exactly like ive been saying for a very long time. the ec and our legal counsel cannot come out and say what the plans are post bk or the offers they might have already received. Anyone wanna bet the hedgies already had a plan in place that they would have executed post bk to get paid from the nol's ....
Everything is perception right now. post bk everything will start moving.
I am staying firm and holding until all my shares are locked and there is no turning back.
Its going to be a fun and interesting future. I wonder which possible merger partners shares we will end up with down the road or the cash payout we might get when a buyer comes along :)
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Zitat wamuvoodoo:
hey yan it's funny cause you get a positive responce to that post ,but when i posted basically the same thing about not being able to disclose all the info a month or so ago i get all negative responces..lol lol i'm very hated i guess...lol
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Zitat Yanik:
na your not hated voo. you might be blunt sometimes, but i respect that. some dont i guess. Some people have different motives for why they act the way they do. (and always remember it becomes easy after 3 years to spot who these people are. i will leave it at that.)
I think people like us and others who have listened to every court hearing from the start and read every document can piece together the puzzle a little better than most. Also billing statements helped as well and left some clues.
Susman is our legal counsel and unlike rosen they have been fighting for us since they were handed the case. I trust them and our ec memebers despite what other people say out of emotion and assuming things about them which they do not know.
I am actually surprised we did as well as we did considering the crooks we were up against. I left it all on the line willing to let it go down with the ship in the name of justice and if rosen and the rest had their way they would have pushed us off a cliff.
however we went from having no money for equity for years to now getting almost the entire prize the hedge funds had there eyes on and wanted instead of cash. These crooks dont make losing bets and that comforts me knowing we will get the nol's/assets they wanted so badly which are worth a bundle down the road.
So im gonna sit back relax and enjoy the ride. looking forward to locking my shares and ron propieling them "setting it and forgetting it"
The funny thing is i have a new plan once my shares are locked. instead of investing in other stocks im going to keep buying physical silver buillion instead which i already started. got to love those 100 ounces to 1 physical in derivative shorts jpm has floating out there. As they keep making new contracts and the worlds nations keep printing more money to cover debts the price on hard assets will only inflate over time. Just doing my part and to protect my purchasing power down the road as it were.
Here is a wonderful video i think you will love. watch until the end.
http://www.youtube.com/watch?v=uNW8ZJU8HQA Edit: also I will keep saying this until people understand. market value vs. book value are two very different things to ponder.. hmmmmm
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Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!