I received a letter in the mail this week from FTI letting me know that the DOCA has been wrapped up.
Looks like shareholders are getting a share of a nice round $1m, with $800K going to Class Action Participants and $200K going to shareholders at "about 72c per 1000 shares".
I have a few questions; -Should there be a full report to the ASX or another governing body regarding the outcome of the DOCA? I'm not really sure how the "Ezibuy DOCA" allowed Alceon to sell Ezibuy as a separate parcel to Noni B Group for $1 during the 3 year period outlined by the DOCA. The Noni B Group in which it is a majority shareholder. Ezibuy which was valued at $300m during the DOCA proposals. -Can I finally claim my shares as a capital loss? Does anyone know the process for this?
This process has definitely been an eyeopener, how FTI were allowed to give Alceon Group a buy-one-get-one-free deal on the Surfstitch Administration and the Rivers/Rockmans Administrations I'll never know.
SRF Price at posting:
6.8¢ Sentiment: None Disclosure: Held