1MC 3.23% 3.2¢ morella corporation limited

Ann: Non-Renounceable Issue, page-36

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  1. 4,972 Posts.
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    Sold out at open today my ever diminished holding and it was ironic that my tax loss on this was about the same amount as my partial sale of some NST stock to bank some profit, so net zero tax liability.
    The reason why I sold is that I could not see a way that this company would build into something bigger in a time frame that would help recoup previous losses suffered. There is always a chance that they will run out of funds and keep hitting up shareholders and not build any shareholder wealth in a reasonable time frame.

    I will still keep my eye on it but don't invisage I will re-invest any time soon.

    Christopher
 
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