I have seen a few people here overstate the carry forward losses...

I have seen a few people here overstate the carry forward losses available.
Note 4 of the AR for CY20 shows available losses as follows:

"Accumulated unused gross tax losses for which no deferred tax asset has been recognised - $258.135m
Potential tax benefit @ 30% (2019:30%) - $77.414m

I also agree that Allegro is an opportunist company and they have but two objectives (1) Run it lean and mean for a few years and then refloat or sell (b) bust it up and strip the assets, sell off business bits and somehow use the tax losses.

What can be in no doubt is the pathetic, lame reason given by the BOD for accepting the deal. They are selling us out!!!
Sorry, but trust lost is very hard to get back. Bitterly disappointed in Tony Dragicevich who I had pegged as a good guy.

But, could this be a ploy?

There are four major shareholders who can lead the way for us.
Allan Gray Australia owns 20%
Perpetual Limited 12%
First Sentier Investors Holdings Pty Limited 10%
Castle Point Funds Management Ltd 5%

I'm pretty surprised with the BOD endorsement when they know 20% would be anti. Surely they have done their numbers in advance or are the majors in cahoots with the Allegro deal?

Sorry I'll stop here, this is starting to sound like the shot came from the Grassy Knoll!