Your right about the 80% but that only applies if you have a gain. Losses must be recognised this year.
The consideration received is based on the WAM price on the day you accept or it become compulsory for residue holders, not on the price the offer started.
i've already accepted mine, hoping to do another sell WAM buy AYS then convert, but the profit gap is closing
Rod
Ann: WAM: WAM's unconditional offer for AYS is now OPEN, page-3
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