Well this is all done now, faster and easier than I imagined it...

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Hingdog

22,584 Posts.

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27/04/22

10:28

Post #: 61038457
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Originally posted by Hingdog ↑

I've just done this, it's quick and easy so far. I'll thank the ATO for paying for a good chunk of my loss lol

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Well this is all done now, faster and easier than I imagined it would be

Dear Shareholder

Sale of your securities in HENRY MORGAN LIMITED

Thank you for executing the transfer documents online to effect the change of ownership of xxxxx securities in HENRY MORGAN LIMITED. We have now signed the documents and the date of transaction is 26-04-2022.

You have sold and we have purchased the securities and your capital loss is accordingly crystallised. Please retain this acknowledgement for record and taxation purposes.

Please note that by way of the Declaration of Trust, you have agreed to hold the securities on trust for us until registration of the transfer can be obtained. Registration of transfer is not possible while an entity is in administration or in many other cases where the register is no longer being maintained because registry fees are not being paid. It may therefore be years before registration can be accomplished or indeed it may never happen, as many of these failed entities that go into administration are eventually liquidated and deregistered. That need not concern you because your capital loss is available now.

If the entity regains quotation on the exchange or is about to, we will then take the necessary steps to register the transfer. That possibility is unlikely but if it occurs we will request, and you are to provide, manually signed documents and ID, as agreed.

While the securities may remain in your name in the register, they have been sold to us and you have agreed to hold them on trust until we become the registered owner. Please be aware therefore, that the securities are no longer able to otherwise be disposed of in any circumstances.

Yours sincerely

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Last edited by Hingdog: 27/04/22

HML Price at posting: $1.99 Sentiment: Sell Disclosure: Held
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0 Great analysis

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