....great post boffin and 100% correct. PJ knows he can't just rock up to buy Ecr and then use the tax benefit. But with his financial background he does know how to get maximum profit from it and a 25% finders fee.
using the Avoca-Balleston assets with another party where a minority % of the JV is owned by MGA and a majority owned by someone else. Essentially this gets someone else to put in some cash to get the venture of the ground with a smaller return being made via MGA. In that instance the actual ownership of MGA and ECR hasn't been impacted. They could even do a deal like this with MTR putting up the cash.
What can't happen IF you care about getting benefit from the tax loss is to change the ownership of MGA or ECR. If you don't care about the tax loss but would like to buy all the ECR assets then of course a T/O is possible
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