88E 33.3% 0.2¢ 88 energy limited

4c is the floor, page-350

  1. 8,950 Posts.
    lightbulb Created with Sketch. 1064
    Okay let's break this down.

    Say I wanted to sell 200000 shares purchased at 1c=$2000. Then I sell Monday 200000 shares at 4.5=9000.

    So I clear a profit of $9000-$2000 =$7000.

    Now that $7000 is liable for say 30% tax as shares not held for 12 months this is $2100.

    Now I have $4900 to buy back in at your price of 3.8c = 128947 shares.

    Now I'm 71000 shares worse off in my example with your pricing
 
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