Ann: Redflow enters Voluntary Administration, page-21

It is not as easy as it used to be to use accumulated losses even in same industry. Shell value and acc losses transfer has changed significantly in last 5 years and not a time of lots of listing coming on ATM. Business continuity rules. A purchaser who was to continue business could make use but no longer able to strip shareholders and phoenix and such like bad / good old days

Existing holders still fleeced IMO of possible value and probably early action by management to accept finance crunch etc etc