My take on the directors trade boads well for CQT, why wouldn`t you convert your oppies at this time?
consider these. If the director converts now at 80c main share he may have tax libilty of say 20% on the 500,000 oppies. now worth $400000. tax $80000. Company get extra $100,000 cash. major resource upgrade occurs share price goes to $2.40c pre expiry of oppies shares now worth $1.200.000 , possible tax liabity 40% = $480,000 company still only receive $100,000. As a director for the company which would you conceive as being in there best interests.
Regards Madprof
Not being an accountant i do not know what the tax liabitys are in these circumstances,but neither would half the accountants.
CQT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
