Being an optimist, I thought I saw a very faint glimmer of hope for MCO shareholders in the Mantle announcement:
*ASX listed corporate shell with good prospects of reinstatement should that be the strategy adopted
*Significant accumulated tax losses represent a potential future income tax benefit.
What might "Good prospect of reinstatement" mean for us?
*We retain our MCO shares heavily diluted by Mantle's 90%;
*We are offered a few Mantle shares for our MCO shares;
*We get nothing.
I don't like the last option.
MCO Price at posting:
11.0¢ Sentiment: None Disclosure: Held
