Ann: Market Update, page-9

"Well looks like we are going to get a relisting once the financials have been submitted....now the big question....what sort of beating is the price going to get on listing."

I would not be surprised if it doesn't trade again it its current form; I think there is a non-trivial chance that the company gets restructured prior to re-admission to trade.

What the rump will look like is uncertain, but while the business is asset-rich, is cash-flow poor due to a stall in the distributions from its investee funds, assets are being monetized at, or at around book value, so as long as that is permitted by ENN's creditors to run its course (which seems to be the case), then some of the very bad-case scenarios can be averted.

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