Brumbypat - one last point - if they hold 1.9m RECS they would have had to pay for them - so lets say $80 as an average market price just for this purpose that's $152m sitting on the balance sheet, now EPW also decide to pay the penalty which they would have to do right now which is $123m to regulator, then lets say they pay $37m to ATO for increased tax, because if you don't make payments to ATO including instalments - you cant have franking credits.....
Can EPW actually afford that much cash out the door - $152m+$123m+$37m - its like a double whammy of the costs either buy certificates and surrender or don't buy them and simply pay the penalty and tax. Does EPW have the money to do both?????
EPW Price at posting:
$1.15 Sentiment: None Disclosure: Not Held
