I am a liitle confused. Let's assume they takeover Ayt within the next few months. The $10 mill losses are just a provision and not occurred yet is that right? So before next financial year they have control, it's the same type of business, and perhaps then the losses go from being provisioned for to officially written off. Couldn't then they use those losses be used to offset gains?
Pls note I am just an amatuer on this, trying to understand how he was said to be using INE for tax losses and the difference between this play in Ayt....
INE Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
