Originally Posted by
Beagle
Been a while since this aging bean counter looked at the rules around deferred tax but in essence if my memory serves me correctly you're only allowed to recognize a credit if there's a realistic chance the benefit of these losses can be realized in the foreseeable future, or words pretty close to that effect. But what year does anyone think AIR will be profitable again and in a position to utilize the value of prior years tax losses ? I don't see how anyone with a straight face could say they'll be profitable any year soon ?
To me "Revive and thrive" looks like nothing more than a creative B.S. marketing phrase to try and sell the recovery to some of the gullible public. In my opinion that's analogous to the disingenuous way promotors of My Food Bag extolled naïve investors to "Tuck In" Look how that's worked out for them ! They've lost half their money....and I'd say AIR investors would be very fortunate indeed if over time, they escaped with a similar outcome.
In my opinion if you want an almost sure fire way to get seriously kicked in the head financially, rock up and fill ya boots with AIR shares tomorrow and take up your full entitlement to the capital raise in due course.