RE:RE:RE:My head hurtsNice find. Well I'm comforted that they came up with their per share valuation while attributing a zero to this contingency, despite the chance they can use the tax losses. I presume behind the scene there are legal opinions flying around with respect to same.
An interesting angle on this is that Mittelman placed a decent deal of value in the tax losses as underpinning the incentive for his initiative. I wonder if he might be more interested in a sale or wind up if the inability to use the tax losses was deemed certain?