So does that mean no tax loss possible for ctl holders for...

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peony-rose

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28/08/19

09:33

Post #: 40188508
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Originally posted by josimar: ↑

Aiken, your ctl shares will be transferred into a ctl/aul merger. But the new entity is aul. The merger occurs at one third ctl and two thirds aul but with about $6million worth of capital raise shares throw into the mix also.
As far as ctl shareholders are concerned, to pay off all the creditors for all the loans and unpaid bills owed by ctl, ctl shares will only be worth 8c in the dollar. While some creditors loans are worth 65c in the dollar and varying different amounts. It’s all in the document linked in the Kord Mentha announcement.

Also the new shares we get in aul are escrowed for 12 months.

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So does that mean no tax loss possible for ctl holders for another 12 months?

CTL Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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So does that mean no tax loss possible for ctl holders for...

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