Davidob sorry I dont want to upset anyone but the current capital in administration is worthless.
The assessed loss can only be utilised within a specific parameter and will need to be profitable to do so - also worthless and as the company is going to compromise its creditors well ATO will look very closely. Value zero.
The new capital being put in has to have a factor of 10 times the value of what is already there as what is there has no value.
If the company needs a million than that million has to end up as controlling holding - there are no saviours in business we all want to make the most we can.
My frustration with INT at times is that people have failed to understand reality far too often. LJ style consolidation would have kept this alive longer, the equity is not worth 0.1c and never was. Consolidate equity 1 for 1000 and it will trade at maybe 2c. The ordinary equity is gone.
Until reality sets in no deal would ever be forthcoming. You need to raise $1million but in reality that could become $1,5m if the c group wants to call their money. Get them to stay in offer a compromise top other creditors and put in $1million with the C group take it private give existing shareholders 10%.
Why would anyone see value right now? Its in administration ordinary shares are worthless.
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