Question about the Liberty Deal.....
I am asking for all opinions that have a moment to answer.
Here is my question.
If change of ownership negates substantially the tax loss, how is Liberty going to avoid this upon activation of its common shares. or did the preffered share purchase already constitute a change of ownership? Or is one change of ownership considered by the IRS tax code (damaging, or a non factor, but a second one is....). I know the poision pill is set at 4.9 percent to trigger, meaning even an ownership purchase of up to 5 percent of the common would harm the tax loss status. Isnt 40 percent much worse? :D