I see an ASIC document come out on the 1st of Feb titled "End of...

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aussienorm

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06/02/19

12:09

Post #: 37347643
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Originally posted by Busy Bean ↑

Originally posted by OzJ
One more question: are the 20 creditors named? Is one RE with his redundancy claim?
It's not 20 creditors; it's a group of 20 major shareholders including Simon Grover, Anthony Meyer and Clive Riseam. None of the original crew are included apart from Nicolas Jordan and William Knowles.

It will make claiming our capital loss tricky because we'll be disposing of some of our shares (the ones we give to the group of proponents) and for those we can definitely claim the 100% capital loss. However, we'll also be left with a few shares still in our own name. For those we'll either need to keep them and hence not declare a loss or sell them to delisted. I'm not sure how we'd go about getting the paperwork to confirm how many shares we have left and if delisted would take them?! Either way, don't worry yet as it's not happened. The transfer may not be approved and it'll be wound up with zero value anyway. Even if it does go through, I'm almost to the point of just declaring the full capital loss anyway and then let the ATO come back and challenge me on it if they want.

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I see an ASIC document come out on the 1st of Feb titled "End of Administration Return " ,would you have access to its contents by any chance ? Sounds like the final nail in the coffin !!!

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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I see an ASIC document come out on the 1st of Feb titled "End of...

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