The tax loses are only good to them if they find a Voip deal. If they move into resources or anything else then they can't be used. Would like to see them do a deal sooner rather then later but they do have time. Could a potnetial script deal for a takeover of maybe MNF be a go? Obviously FRE shareholders would only get a very small part of the company but would get the potential upside of the tax loses that they have being used to offset profits made in the VOIP market. For MNF holders would get the advantage of the tax loses and a few additional VOIP customers that FRE still has in Australia to add a bit more scale. Just an idea and I know not many takeovers work with a much smaller company taking over a bigger one. For full disclosure I am a shareholder of both companies.
FSG Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
