Oh yeah Kbee, I understand all of that. I Am kicking myself now, But, i still have 3/4 (well nearly) of my holding , i just had to lock some profits away for the rainy day scenario.. I knew it would happen this way, but it was getting too hard to watch profits slip down the tube... Oh well, Free carry now, and waiting for the pay day now. Bring on the investment home...Well maybe just a really good deposit for one..:)
Quick question, All of those who bought in the capital raising. We are subject to 100% capital gains at the moment if we were to sell. If, say a deal is done monday (highly unlikely but to use as a point) are we liable for cap gains because the deal is agreed monday or is it when the transaction actually happens, and for our case hopefully post JUNE.. Any help would be appreciated understanding this minefield. Sorry my tax knowledge is minimal.
MCC Price at posting:
$16.46 Sentiment: ST Buy Disclosure: Held
