tax credits aren't an asset and aren't realised until the...

tax credits aren't an asset and aren't realised until the company posts a profit and therefore liable to pay tax.

but I defer to you as I've read your posts over years and recognise your deeper understanding of these matters.

however, whether the PET history taints the company regardless of changes is rather moot.... certainly some will be more cautious engaging with such a history, but others may recognise the changes to BOD and practices that mitigate against a prejudice based on historical events.

throwing the company in the bin, selling off the assets, including the valuable IP, is admitting failure. this may be a just decision, or it may be borne of frustration and a failure to repair the co.

the meeting decided to appoint a new BOD and change the co. keeping it trading and selling PET services. what would you say to a successful relaunch of the co.? its likely to happen if the BOD is able to achieve anything.