A MapInfo Professional 11.0.3 user has re-projected data from AGD84 Zone 50 to WGS 84. However when they select a point and look at the point objects's X and Y, they are different to what's reported in the Info Tools table. In all cases the Point Object is 360o by -90.0o. When I repeat the process in ArcGIS it works flawlessly: the data is defined, it transforms, and displays perfectly.
Why would a Point Object report incorrectly?
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Why would a Point Object report incorrectly?

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