My interpretation is that they will distribute what they can initially which is $5-$7.5m but will keep $5m in escrow until they get the ok from IRS that there is no tax (i.e. i have a similar thought as you, there hopefully is no tax due to all the losses but then again its US tax laws which I am not familiar with). So the hopefully they will later distribute the escrowed $5m to holders after this is confirmed.
For the remaining value of the shell, i think they havent disclosed specifically the working capital + interest repayments so there could be another 2-$4m but i think they wont provide clarity until the transaction is voted in. But i am of the similar opinion that this could be worth 10 cents+.
The top 20 is pretty stacked so i am pretty sure it will go through.
- Forums
- ASX - By Stock
- Ann: HPP Group enters into agreement to sell Macadamia Business
My interpretation is that they will distribute what they can...
Featured News
Add HPP (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.765M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
HPP (ASX) Chart |
Day chart unavailable