The Deferred Tax Asset was always highly questionable, and...

The Deferred Tax Asset was always highly questionable, and likely wasn't going to pass audit given the reducing chances of the tax offset being utilised in the near term. The DTA was the only thing keeping the balance sheet apparently solvent. Hence the deal with CCP had to be done. Why CCP so generously took over the bank debt, hence saving their competitor from liquidation, remains unclear. They will now have to shred a lot more cost (employment costs alone in 1H22 exceeded commission revenue), and perhaps try to sell off one of the two remaining subsidiaries (MCC or Legal Services) to buy a bit more time. Seems like a slow train wreck hence the SP drifting back towards 10c. And still no sign of directors buying a few shares to support it !