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Cbrad

881 Posts.

39

23/09/20

22:44

Post #: 47582530
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Originally posted by sintrate: ↑

I think the important part to take away from an actual delisting is that the company cannot officially re-invent itself until this 2 years is over.

ie they cant re-capitalize change the name and business / sector until this 2 year period is up.

View attachment 2506778

If you want to crystalize your loss and just move and so you can use the loss for tax purposes im pretty sure it can be done using this company / website.

https://www.delisted.com.au/

Personally for me i would rather offset the cost of my shares against my taxable income than wait 2 years for this to be re-capitalized at more than likely 100:1 ( usually the case with that amount of shares on issue )
So if you had 1 million units they would be turn into 10,000 shares, re-list at 20 cents = $2000

This is what i will be doing as i have a few million of these suckers at 0.006, I would rather take the 18k offset on my tax than have $6k 2 years time ( and thats still not even guaranteed )

Not financial advice but something to think about.

Expand

2 yrs from the date of suspension was the delisting date.
760M SOI so a 100:1 consolidation is unlikely, a consolidation is possible though
delisted.com is correct, likely you'll only get a nominal amount for 3M shares held though... close to SFA!

JKA Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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