News: ATS Australis Oil & Gas Seeking Commitments From Investors To Raise Up To A$30.5 Mln, page-40

@jummy777.  WIC is Westoz Investments a listed LIC (Listed Investment Co) with 10% of its holding in ATS.
WIC has been trading significantly under its NTA and has really been kicking goals lately so that the dramatic plunge on ATS together with the fact that 10% of the holdings are with ATC, will certainly affect things. 
So altho I don’t hold ATS directly, I certainly do within WIC.  I am undecided whether to sell some of my WIC which has held up fairly well, given that the ATS Accident has only just occurred, and to expect a drop, and then buy them back.   The fall with ATS has by my reckoning been something like 35-40%. Oversold, I dunno, but that doesn’t help an LIC with 10% of its assets having dropped 35-40 % !