The point is that they could have just delisted/folded up ....this way imo it's a small victory for us s/holders if we can at least make some kind of a claim tax wise for some return ... otherwise you would have just walked away with absolutely nothing from this failed investment.
It will be interesting to see how consolidation pans out.....???? 30:1 I think is the going rate... if it happens...personally I think they will do it at least 6 months after they relist.
I will be waiting to see the next Co announcement's to assess where they think things are heading. Is it going to be worth another punt ????
Hold on for the ride as it's not that long till the end of the month to see where we all stand.
Ann: Update on Deed of Company Arrangement, page-16
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