“To try to retain the 100% ownership without working capital is...

“To try to retain the 100% ownership without working capital is heading for disaster.”

But isn’t that what the McNeil family is best at doing.
Once they have mined shareholder pockets dry the company goes into administration.
Just in the nick of time before they are trading insolvent.

Anyone wanting to crystallise a tax loss should consider doing so, rather than wait for years before the ATO will allow the loss if the company goes belly up.

Look at MMN holders. They can do stuff-all now – they are in limbo.
Can’t sell - can’t write off the stock - can’t crystallise the loss.


Not financial advice. Own due diligence is the best way to go. Take professional advice before acting.