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FFX firefinch limited

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9,417 Posts.

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10/12/24

16:24

Post #: 76985956
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Originally posted by JohnMaz: ↑

Exactly. All they need to do is to transfer the shares in LLL back to us, then we only need to deal LLL. If the management have the resulting cash it'll be lost anyway as they will simply waste it all like they did with Morilla, so give us back our shares in LLL!!! And any remaining money, if it starts to trade again the shares will crash and be worthless before we can sell them anyway, that'd surely lose us more than the tax we'd pay anyway!!

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Problem is, the way LLL is distributing the cash (as dividends) means a lot of people will get take to high heavens.
I wonder if FFX can distribute the money in a way that is more tax efficient (given all the accumulated losses)
@fooca, sorry if you've already been over this. But I am curious what you think will happen.

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Return of shares / funds, page-18

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