I can only coment on Fred Bart as he is Australian. The shares he sold appear to be in superannuation funds. Australian Tax laws with SMSF require that funds come from within the fund. You cannot transfer cash to the fund from outside the fund. There are strict limits on what cash can be added. The investments within the fund can grow.
I was in the same position with my SMSF. I had to sell shares in the super fund to convert options even though I had sufficiant funds in my own name. I did this a few months back.
With surplus funds outside my SMSF I added and exceeded my original combined holdings.
The Government are very strict on super, any mistake and the Tax benifits are lost all benifits of having a SMSF for retirement disappear.
I can only coment on Fred Bart as he is Australian. The shares...
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