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.
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