bet stones starting to feel a little sick?yeha, page-11

infose,
sorry for the delay in replying,been otherwise detained.
just for your reference,i would like to quote the takeover of ALINTA assets by the banks as just one example of real commercial reality.

The justification for valuation of Alinta powerstations was mainly based on the disposal rates of Early Alinta projects that were loss making and owned by Alinta.
These later transactions formed the majority of justification by the paid valuers,for the value of subsequent sales of the remaining (in contrast CASHFLOW positive) powerststions and partially justified the sale of Alinta assets at "Not realistic but Fair in absence of other options" or similar such fancy words.

Hence $750m? tax losses(worth $250m? to the banks) and a complete business with a cashflow $30m above its borrowing costs,was passed as an operating business to the banking syndicate for around $70m(10c a share)with all other liabilities sorted.

It's not nice being in a weak minority shareholder situation,without control,with others in control with their own agenda.

Been on the wrong side of takeovers before and woudn't be there again.
DYOR+DYODD