Chair/Directors,
Under your guidance BFC has run up sizeable tax losses.
With latest Capital raise - approx $28m - does BFC still have the ability to fully use the accrued tax losses.
Please advise (anyone can contribute) on,Post Capital raise what is NAB exposure to BFC. Today looks like $50m++, post Capital raise ($16m to retire Debt) so NAB is down to $34m and holds a charge over BFC.
- does BFC pass the continuity of ownership test
- does BFC pass the continuity of business test.
Board, go peacefully now before 2nd strike.
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Chair/Directors,Under your guidance BFC has run up sizeable tax...
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