GDN 0.00% 1.7¢ golden state resources limited

It is a simple strategy where someone planned the sale and it is...

  1. 384 Posts.
    It is a simple strategy where someone planned the sale and it is not unusual to sell your shares to yourself to provide yourself with a paperloss for tax purposes if you intend to hold long for another 12 months and see this out further where by no capital gains.

    You get the paper loss and if the share price recovers and does go multibagger in the long term you have no capital gains tax as a bonus.

    The 2 lots of 500k shares were up for no more than a couple of minutes and the transaction was well orchestrated. Simple !


 
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