The board probably have under the table deals to sell their shares off at a nice rate. Who knows what'll happen, it's moved to the wild west. Being honest it always had one foot in the wild west anyway. Wild ride of a stock when it did its thing between 50c and $2 when BNPL was the hot new thing on the block. No doubt some well connected (and some less well connected) parties made a motza along the way. Some nice swings if I remember correctly.
Anyone seriously reckon any of the old asx holders will ever see anything come of this? Or will their shares be diluted and accounted away to nothing over the next 5 years and the bag of tricks is opened to move all value and "rights to value" from the old ASX holders to the new parties. As someone else said, you won't even know when you can write it off as a loss..
ATO should let you write it off today imo!
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