Too hard basket, page-158

That's like saying to a Titanic passenger "hey, why are you getting into the lifeboat, I thought you wanted to go for a cruise?" I'm sure the original intent was to make a profit but just like the Titanic slowly slipping below the dark waters of the North Atlantic, it has become obvious that isn't going to happen so trying to grab a life jacket is the next best option.

I suspect that people won't even be able to write this off for years though because just being delisted isn't enough - the company needs to be wound up to claim any offset. This company will just be left to decompose with no-one to formally wind it up until someone from ASIC becomes sick of the stench. No directors here in Australia so there's no pressing need to tie things off. Just let it rot and move onto the next thing. That will be the company's final middle finger to everyone in my view.