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19/07/16
17:43
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Originally posted by boothy21
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None of that is really applicable to this Company since it has no revenue (we can only assume that settlement hasn't and won't occur). The only way this thing could come back to life is via a capital raising which I would suggest there is approximately 0.000000001% chance of occurrence. Hopefully everyone has capital gains to apply against the capital loss this year.
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Breathing space, give it a chance before writing it off totally and while not a fan of management, there may already be a plan B just had to go this route for some protection.
From the toothless tiger always late on the spot.
http://download.asic.gov.au/media/1339292/Insolvency_guide_for_shareholders.pdf
Down the page.