AlbieThis is the point I am making. In order for the new...

Albie

This is the point I am making. In order for the new shareholders to benefit from accumulated tax losses they have to invest in a similar line. If they do that they can probably access the losses. So they put the statement that they are pursuing the same agenda as INT hoping that they can find something that can utilise the losses that creates a value and a reason for a backdoor listing.

It does not mean they want to pursue a failed process - Its just putting it out there that if you have a metering business we could backdoor you onto asx and maybe you can utilise the assessed loss.

It does not mean they are hell bent on destroying whatever value is left - that was already completed some time back.

Yes the previous process has been hived off and taken our ball and now its their ball and they are playing with it. We can continue to cry about it and I understand your frustration but I am not sure these guys who have taken over INT have anything to do with that. That's the guys who bought out the business.

I think the brokerage will exceed the value of most of our shares - that is why I think its better to sell to delisted and pay them and move on. Personal view.

What you want to do it trash the company and then get a declaration that its insolvent and the ATO will allow a full loss - that normally takes a few years and its only suspended at the moment.