"(It really does beg belief but they seem intent on creating an oil and gas shell IMO.)"
The shell company could then be very easily sold to a prospective buyer for a shor/smallt song and a dance and all the benefits will go to the prospective buyer, not to the long term MEL investors.
If they (OUR accumulated losses that is), were to be retained by us, we could make use of them in any of the future profits of ours thus benefiting us all in not having to pay any tax until all the losses have been totally recuperated and in full.
If they will be used by a prospective buyer instead, it will mean that they will take full advantage of them and will offsets those losses gained through the purchase of the shell company, against their profits until they are fully recovered. It is not the first time this has happened let me tell you, and the hawks and vultures are always on the lookout for such a bargains.
Let's assume that we have $120mill dollars of accumulated losses now......$120mill dollars of accumulated losses would mean a tax saving of around $36mill dollars for another company, and if they will pay peanuts for them...............why not doing it........... All legal too mind you.??
I am sure that, with all of that in mind, there has to be a real method in someone's madness.
One would hope that the Directors are fully aware of that, and would act accordingly, but, do they.??''And, who have we got on the Board.??
Please advise and, most importantly, Dyor!!!
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"(It really does beg belief but they seem intent on creating an...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $250 | 125.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 6370497 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 10843632 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 6370497 | 0.002 |
12 | 40390996 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 10843632 | 8 |
0.004 | 3847000 | 5 |
0.005 | 1000000 | 1 |
0.006 | 311675 | 1 |
0.008 | 100000 | 1 |
Last trade - 09.59am 01/08/2025 (20 minute delay) ? |
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MEL (ASX) Chart |