re: Ann: Request from members to hold a gener... No LZA
$80M of losses x corporate rate 30% x 50% discount = market value of the tax losses = $12M
Across 175 M units, that is 6.9 cents per unit - discounted at 50% of their face value.
Giving away these tax losses to Alceon is not a fair deal at all. They are going to need to find a way to look after the existing holders.
Give it some more thought.
