My view has always been that the ATO was waiting for the MCC dispute to be resolved to settle and to try to save some face. That the MCC dispute dragged on forced their hand so they disallowed the objection.
Now that the MCC dispute has been settled the move to a settlement has been facilitated.
I am guessing that as they have paid 33M of the original $96M, the company will agree to one of the 2 disputed items. No penalty tax will be applied, maybe some interest, but this will be off set to some extent by interest on that portion that they have paid on that issue which the ATO will conceed.
Most likely the Company may get $15M - $18M back from the ATO and with the litigation risk removed and potentially a 2-4 centd franked divvie to come, we may see a nice upward move in the share price.
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Last
2.7¢ |
Change
-0.003(10.0%) |
Mkt cap ! $18.76M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.6¢ | $171.4K | 6.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 775524 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 475136 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 772830 | 0.026 |
2 | 120000 | 0.025 |
2 | 50000 | 0.024 |
1 | 434782 | 0.023 |
1 | 1000000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 163976 | 3 |
0.028 | 369617 | 7 |
0.029 | 235297 | 6 |
0.030 | 481404 | 5 |
0.031 | 597326 | 4 |
Last trade - 15.18pm 18/11/2024 (20 minute delay) ? |
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ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
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