Afterlife
The sale button is certainly on for the OTOC arm of the company. Apparently, there is some interest in buying it. Not sure what the intangible asset is worth, but they do have some equipment probably to sell with it. The money they receive will if sold before end financial year 2017, will be retained I assume to offset the poor half year results they will most likely post due to very low revenue for the OTOC arm.
It is good for the company to have the founder back as CEO as he does presumably want success as he is heavily invested in the company. The future, not sure, but without the OTOC arm and the capacity to generate large swings in revenue from the construction industry, couple this with ASX costs and parent company massive overheads, profits as a surveying company only, will make it tough to turn a profit.
Good luck and wish you the best.
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