I would have thought the fit with esna was ideal. They get a back door listing on asx which would help them raise funds or partially sellout of their current illiguid investment. And they get the tax losses. For INT they live on in some form. Some personel keep their jobs. Creditors and workers get entitlements. Shareholders possibly keep a foot in the door of the new entity and maybe an invite to pump in more funds. It would have worked.
intermoco rescue package..., page-23
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