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08:51
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Originally posted by RavingStark
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OK Nursery, a couple of responses...1. I do allow for tax. It is not immediately payable, can be minimised but in the end it is only payable on profits and you are allowed to keep some. 2. I doubt that TAS will pay tax for a very long time. Tax payable by TAS plays no part in my calculations for relative value. TAS will have a lot of past losses to offset against income. 3. My reasons for discounting the value of TAS have been stated numerous times and they have not changed. Here they are again; c. In the possible case of a takeover it will be on a shareholding basis. This means that EDE shareholders get cash. TAS as a shareholder will get their share. e. TAS is not obliged to pass on all the cash received to TAS shareholders. It couldn't possibly afford to do so as it has costs to cover. Y ou are flying high on the investment decisions by the Solomons et.al, yet you conveniently fail to credit them with the ability to strategically make decisions & deploy $ based on the relative merit of each project. Eden Innovations is the Eldorado for TAS. ..this has been made abundantly clear. Any decision to channel resources to other projects would surely be weighed against directing it to further domination of the EDE share register.Raving
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A slanted and biased reply. TAS has many irons in the fire. Most are failures so far. EDE is the ONLY Eldorado. Of course the Sullivans (I know Solomons Sullivans for a reason you may not realise) control EDE, BUT, a big BUT, they have by LAW to operate in the best interests of all shareholders. By that I mean ALL EDE shareholders and not in their best interests or in the best interests of TAS or Noble.
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