makes total sense as an EXCHANGE traded option is an ASSET class.
The CROOs issued and paid by us at 0.1c , if sold under a year say for 5.1c, will have 5.0c as a taxable amount.
The CROOs issued and paid by us at 0.1c, if sold AFTER a year for 5.1c, will have 2.5c as a taxable amount.
BUT IF YOU CONVERT your CROO at whatever price you paid, whether it be 0.1c or 10cents, then the new share you receive/create after paying the 2.5cents will become the new Day ONE of the new shares life.
Get me an accountant.
CROO - options, page-103
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