Almost all of the decline in ARL's net asset value occurred...

Almost all of the decline in ARL's net asset value occurred under the previous board, which was supported by the PIF Action Group. Some of the decline was caused by capital repayments to ARL shareholders.
ARL shares currently have a net asset value of about $2.58. With over $12m in the bank, ARL is NOT worthless.
We have applied to list ARL shares on ASX. If our application is successful, then all of us will be able to see what the market thinks ARL shares are worth.
Finally, I apologise for not responding sooner. I only visit the HotCopper website when ARL has an announcement to report. if you wish to contact us, I suggest you e-mail [email protected]
Regards,
Fred Woollard
Director
Asset Resolution Ltd