holding !!!! You know the more I think about it, the more I just...

holding !!!! You know the more I think about it, the more I just might hold onto the few that I've got left.....something that struck me is that OTT have 17.3m of tax losses available to them. The cash value of that is $5.20m should Macquarie be able to channel some of their tax paying income through OTT. At 44c offer price, the OT partners are only paying around $8m for the whole business so the net cost to them is only $2.8m assuming they can use up the tax losses. To my understanding, as long as they continue to run essentially the same business then they should be able to use the tax losses. Now tell me that Macca's don't have a telco or IT business that makes a buck and could easily slot into OTT...

So to use up the tax losses, OTT will have $17m of profit pumped through it over the next year or two. Obviously Macca will only do it if they own or control a very substantial portion of the company (say 75%+).

If the company is still listed then what do you think that will do to the share price (and dividends)?

This is all in addition to the base business which looks to have turned the corner and actually start making a dollar or two.

In light of this conspiracy theory, my view is that either the offer will be increased once again or more likely it will close and there will be a mop up offer further down the track at a substantially higher price.

Either way, holding you should have little to loose, at the worst case you have shares in a business that maccas now own a greater portion of and will want to see a return on their investment.

All IMHO only
Zinc