That beats the fat zero (plus tax bill) that is currently facing...

That beats the fat zero (plus tax bill) that is currently facing me.
This dog is DEAD.Do not think otherwise.ASIC has pulled all the MIS products and they are in discussion for survival with the banks.The trigger would/will be the non payment of TREES3 in early June.The pack of cards has collapsed.As a shareholder, I can only hope for an orderly sale of assets to repay the banks and an agreement to pay out the TREES holders at ,say 5c in the dollar.That is, if any money is left.
The loan book has gone(with some recourse,I assume) and the cattle projects are of value and should be saleable.Maybe they can do a deal for some of the land that is not encumbered...maybe.They will,probably, close all offices and get rid of the staff.
This is a liquidation.Hopefully the Banks will give them time.
But for us shareholders and TREE holders.Tough titties.