SEN 0.00% 1.3¢ senetas corporation limited

Not too sure what you are getting at here but I believe that the...

  1. 63 Posts.
    Not too sure what you are getting at here but I believe that the Infoprotect investment related to the sale of Senetas' shares in a biometric technology called eCrypt. That investment had been fully written off in previous periods. I believe that Lunt did a deal whereby Infoprotect acquired the shares that Senetas owned in eCrypt for ~$3.8M and a CTAM licence for ~$5.6M. The consideration was in the form of debt and scrip. No cash changed hands.
    So to say that $9.6M was ripped out of the balance sheet by implying the asset had an underlying tangible value in the first place is not right.
    As for the accounts - they're in compliance with the accounting standards so get over it.

    Please DYOR.
 
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