another update, page-3

I just received a large parcel from Fox. Bizarrely, it contained annual reports from 2015, 2016 and 2017 and invitations to attend the long past AGMs of those years as well, with instructions on proxy voting etc.

Why would they waste a heap of money sending out big, bulky, redundant, financial reports for past years unless something is afoot? To me it smells like an attempt to rise from the ashes is coming. This would entail raising money from existing and new investors.

Nothing to get excited about even if I'm right (I'm often not) as our holdings would no doubt be diluted into oblivion, but at least it would enable us to crystalise the tax loss.

Why else would they go to the trouble and expense of sending this now irrelevant stuff out except for ASIC demanding they provide the missing financial reports before being allowed to relist? And how could they relist whilst insolvent, other than by raising new capital?

Does that make sense?