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Are you suggesting something like a shell company that could actually be worth $'s to shareholders? Please explain."
Well, it costs a few million to get a company onto the ASX these days, so if you have a company already listed but doing sweet FA then it would be foolish not to use the listed shell for some other business and save the expense of floating that business. During the Dotcom boom I approached a small 'mining' company and sold them half of my private internet company. They then changed direction and used it as their main business focus.
It would make sense for a viable business that wants to list to be backed into SYT. It probably wouldn't be worth much to existing shareholders, but it might be worth something and at least would make the company liquid again so you could take a tax loss if needed.
