Ann: Change in substantial holding , page-12

cheers

just remember half of this 10c per share i.e. 5c is coming from funds the bankers have no right to. i.e. free funds that could keep redfern going,if need be.

the other 5c i.e. $40m is to buy out our tax losses,so the new entity i.e. alinta banks syndicate can use them.

$1.7bn or $700m whatever they happen to be.

seems to me like the new owners won't be paying tax for the next 100yrs.Definitely not on any quick flick of the assets into a new vehicle where they will be counted as tax assets.

i'd be happier letting them have to liquidate the assets and only get 5c/share,because of course the debt is non-recourse.That'll blow all their contracts and demolish the complete business value(intangibles that we're told are worthless anyway) they're relying on.
unless our directors have sold us down the road of course,without telling us.
but then again,i don't like feeling shafted.the jam can spread a bit further onto shareholders bread,i think.
They don't need to take the lot-misers