Just read the legislation and take out all the personal stuff from your posting.
The "test time" is called the "test period" in Division 166 of the ITAA.
Hence the spanner for these guys I think. BQT was a loss making company first. AVA came much later.
The original BQT shareholders are "shared" with FFT.
These guys have no option but to use the COT rules. BQT was not "similar" or "same" with AVA. And the combined AVA/BQT is not "same" or "similar" to FFT.
BQT is a pure "hardware" business - no need for onprem or cloud software for their product to work.
AVA is a professional "services" business - ticket clip from others that provide logistics or storage "services".
FFT is a "integrated systems" business - their "hardware" doesn't work without "software" and vice versa.
They're not trying the same/similar business test because they will fail epically if they did.
Stating they are all in "security" is not good enough imo.
MSP Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
