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802.4 is an asset based test, so you can't use 802.51 to exempt the foreign subs outright. If the foreign subs have any US assets they would have to be valued along with the US assets of USCo. 1...
03/17/2010 1. Because the warrants carry the right to "elect" directors, they are voting securities. It doesn't matter what the percentage correlations before and after conversion are. 2. No...