I share your view on this intel01. I am also coming around to...

I share your view on this intel01. I am also coming around to moosey's view that there are factors at play here that we are not privy too.

That said, with this I don't default to assuming this is especially bad for us. I just respect the fact that this technology is a game-changer and that certain factors have to align if we are to meet with commercial success. In fact, I will go one step further and say it would be remiss of any government/industry not to have a strategy for managing this tech until it is ready for a debut. By its very nature this tech would attract a lot of stakeholders of which we are just one narrow set. I don't like saying that, but I consider myself a pragmatist. We are not talking about Billabong shares if you get my drift.... Of course, this is all in my opinion.

I was taken back by the announcement this week but given a history of 11th hour upsets I find it too coincidental to be taken at face value, even for incompetence. In short, I think due diligence was done, but this is not the issue. As for an explanation from the company, well, my bet is that you will find some law somewhere that will exonerate them from this responsibility citing higher order interests. Of course, they can't point to it as an explanation either because to do so would raise more questions than it answers. For this reason, we just have to be content with what we get.

I want to be clear this is just my view and I could be way of the mark. But having regard for everything, I think this the most likely conclusion. I can't see anybody here believing that Luxinvest just looked into their account on the day payment was due and realised they didn't have enough cash.

It's not like they were at the woollies checkout paying for milk.