https://www.nytimes.com/2011/11/27/business/estee-lauder-heirs-tax-strategies-typify-advantages-for-wealthy.html?smid=nytcore-ios-share&referringSource=articleShare
Someone on HC mentioned yesterday that it was a tax write off for RWL. Highly plausible explanation from the articles I have researched. See above link.
Lesson for me. Don’t invest with the billionaire types that treat investment in companies as a potential tax write off. Go with management with domain and past relevant experience and skin in the game.
As other forumers have alluded, I would be very keen to see who turns up at the register. Hopefully, some notable US based backers who know of, and endorses, Tom and Doug Brown will show up.
I can’t tell whether this was all engineered from the outset. Stepping in now into FLC for Doug, Tom and Ben must be an opportunity worth striking and worth staking their reputations. . Hopefully it works out for all.
Ann: Fluence to Raise up to A$40.7M to Substantially Reduce Debt, page-17
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $36.90M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $9.866K | 285.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 135739 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 116003 | 2 |
View Market Depth
| Last trade - 10.44am 18/06/2025 (20 minute delay) ? |
| FLC (ASX) Chart |