It’s not the same outcome, and I can speak from firsthand experience.
Since you admitted your statement was about Kerry Stokes and the BCI takeover of IOH, then I experienced that myself, so can speak with great authority.
I accepted an offer to transfer my IOH shares to fewer BCI shares and received 10c cash per share. I did not ‘take profits’ and did not ‘sell my stake for a significant profit’.
My actions did not generate a CGT event, so the tax office does not recognise me as having taken a profit.
Therefore, your statement is wrong and simply provocative BS….
And finally, for good measure, your .38c comment is also wrong and way off the mark……
BCI Beautiful Compounding Investment, page-13
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