Someone appears to have forked out $225,000 for control of a...

Someone appears to have forked out $225,000 for control of a listed shell of a company. Why would anyone in their right minds want to buy 'technology' like SOX which high school kids can replicate if not altogether exceed tehnologically??

The answer must lie in this fictitious Asian who like many others purchase conrol of listed shells to comply with the requirements for a 476 visa (long term business stay) which later gets converted into a permanent residency and later citizenship.

To qualify the investor must have an interest in a listed public company or ownership of shares valued at at least $200,000. This appears to be satisifed if the buyer is that mysterious Asian we've been holding our collective breaths on.

To remain listed for the benefit of the buyer and certainly in this instance for the benefit of the existing or recent directors as well, the company must have a 'iable business'.

From the recent history of the company and its behaviour towards its shareholders and employees, the only viability was the promise of someone comming to purchase SOX BOX at some hefty premium when the company itself appears to have had reservations about the future viability of SOX BOX.

Then there was this story of it buying Ericssons data something or the other in New Zealand which was generating over $100,000,000 which Ericsson wanted to sell them for a pittance and on such terms no one else was privy to which I can understand to some extent.

My hunch is that finally the ASIC has begun an investigation into TNY, its recent operatins and the complaints from its employees.

Good Luck and Good Will Hunting