If Morila is offloaded where is the continuity of business? LLL...

If Morila is offloaded where is the continuity of business? LLL holding is not a business, it's an asset.

You can't just go and buy tax losses.

This is a very complicated area which is why tax consultants in M&A charge a fortune.

If someone picked up FFX through an off market transaction / offer, then I doubt FFX or the bidding party will consider the tax losses having a value without a business attached.

If there is no merger / acquisition then we will likely go to full escrow distribution, but we need Morila off the books for this to be clean and easy, and hopefully this is heading in the right direction.