Wonderful analysis fourdollars.
Regarding the likely ITO tax assessment: After the first disclosure of the ITO audit in August of last year I spoke with the company about liability in the event of a bad outcome. I was told that none of the Directors of Range International is the President Director of Re>Pal Indonesia and neither Jenkins nor Bowhill hold any formal office of that entity so I think your theory on that matter is incorrect.
Indeed RAN does have a complicated path to resurrection but why do you care so much given the stock is suspended, you rate it a sell and you do not hold any?
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7
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