Payment terminal maker Intellect Holdings has finally called it a day, with the firm entering voluntary administration at the end of last week. After some years of struggling to remain afloat under the dead weight of more than $100 million in accumulated losses, the firm has appointed Mark Ryan of Taylor Woodings' in Perth as administrator. Ryan was not available for comment yesterday afternoon.The company has its main operations headquartered in Belgium but is listed on the ASX. The company has been under a trading halt since May 23.Intellect spent last year in merger negotiations with Cadmus in New Zealand, but those talks stalled and Cadmus eventually tied up with another NZ based loss-making POS system manufacturer, Provenco.In a third-quarter financial report lodged with the stock exchange, Intellect reported that it lost another $851,000 to start off 2008, but still retained $939,000 in cash at hand at the end of March.The company had fully expended its $22 million in debt facilities.No one answered the phone yesterday at Intellect's "head office", a small unit in Sussex St, Sydney. Since January the main contact email for the company has been asullivan@westnet.com.au.