Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-138

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fooca

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09/02/24

19:23

Post #: 72332065
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Originally posted by GARETH78: ↑

In regards to an ATO ruing these never occur until the transaction has occurred with both a record and implementation date.

The assets on the record date are used to calculate new cost base for both entities and are noted in the ruling.

They can certainly request advice on rollover ability (CGT disc qualification) etc. PWC will also advise on this.

Fat chance of a ruling if the company is not up to date on its accounts, in fact the accounts will have to be up to date to call a general meeting to vote on the distribution of capital (escrow).

My view on any settlement, it would need to be a token amount. Anything more and class action boys will be all over this. Who approved and who advised to walk being the focus.

As for LLL settlement, it will need to be on the basis of what was noted as risks in the prospectus. Paying directly for another companies sins will be like honey to bees for class action lawyers. Both Rick and Simon are on record saying no ties at all, numerous times. 200M shares alone changed hands in the 9 day window after a webinar they said NO LINKS.

I have lost all trust if I am honest. Every FFX announcement reads as wishy washy, cover all bases nonsense. Look over there we are doing something.

As for delisting, the moment this occurs a lot of the reporting requirements disappear. No more ASX rules to follow.

The reporting requirements of your local cafe.

If you want an update you will need to send a letter from a corporate lawyer who sends a copy to either ASIC or the ATO.

How much info were we told due to @franky1 having a letter sent from the legal team??

IMO

Expand

An example of an efficient Company at work (I have no idea if they are or not, but I am just using this as an information piece)

Far Limited, announced a return of Capital on the 17th July 2023
On the 31st August 2023, the funds from the return of Capital were paid.
On the 20th September 2023, an announcement detailing the ATO ruling.
Anyone interested:
https://company-announcements.copyright link/asx/far/a7661129-577e-11ee-8e3a-3afff2a0bcba.pdf

cheers
As previous, the excess to operations funds should have already been paid to us ---- why are they holding them???????

Last edited by fooca: 09/02/24

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-138

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