I reckon he wants that tax loss for the FY20/21
which is about to end.
If then in the new FY,
after the quarterly comes out in July and the chart completes its technical breakout setup,
the SP takes off and reaches 25c...
he's golden.
Breakeven on the shares already,
and after locking in around of $40,000 of tax deduction, probably at the highest tier 45%...
maybe close to $20,000 gain right there, on his tax return.
Clever!
Ann: Change of Director's Interest Notice, page-18
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