The parent should have a lot of Substantial Assets, if it owns those Substantial Subsidiaries, which should hold substantial value.
Its like holding 1,000 shares of MNS, which is worth $300 today versus holding 1,000 shares of BHP which is worth $3,652 - ie. 10 times more.
Now, BHP has Substantial Assets because all of its Subsidiaries are earning Substantial revenue.
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- Ann: Response to ASX Query Letter
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magnis energy technologies ltd
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Ann: Response to ASX Query Letter, page-9
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Mkt cap ! $50.37M |
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