Hi GuysAs I understand it this is the process:ENSA bought out...

Hi Guys

As I understand it this is the process:

ENSA bought out the subsidiary and the business so that was the operating entity so most of the tax losses would have (I think ) gone with that.

The rest of the value lies in the shell still being listed. They will purchase a complying asset that will be put in - its cheaper than listing through the normal routes and they get the shareholder spread.

So you could be mining or even hot air ballooning in the future. To crystallize your own tax position you would probably have to sell your shares to one of those companies that takes delisted shares. Not sure if they will even transfer them but by executing the sale you get the loss.

http://www.delisted.com.au/sell-worthless-and-other-securities

Intermoco is on the list. Or you can hold and maybe they will give you a preferential stake in the cap raising that may or may not accompany it.


have a great Christmas

and No I dont think this company will compete with ENSA.