249D Post your shares if support. Read the first post before replying!!!, page-6

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allankc

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18/01/23

22:31

Post #: 65762144
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Originally posted by GARETH78: ↑

the escrow shares entered escrow owned by FFX. They will remain that way until June 2024.

There is currently nothing legally in place to say these shares are distributed to FFX holders post escrow.

Legally the BOD can sell them then, and do what they like with the cash unless SH ensure controls are in place.

Personally I would prefer to have FFX trade and I can choose my own time to get out my capital. There is another 17 months + still to go.

I very much doubt when the escrow shares are released and they were distributed they will come with attached CGT rollover. Companies don’t qualify for CGT discount so when allocated starts a CGT event. So it will be a complicated affair, and likely need an ATO ruling.

This is the reason the escrow shares you mention are held by the individuals. Tax benefits. CGT discount time starts at escrow,

IMO

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4.2 million holder

happy to look at taking action - over waiting

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

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249D Post your shares if support. Read the first post before replying!!!, page-6

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