Good to someone is seeing sense here

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stanroc

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14/12/23

19:19

Post #: 71456544
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Originally posted by butcherboy: ↑

It operative question to me if/when these shares/CDI‘S are transferred after a possible yes vote, how do we sell them, how much does it cost to sell them? Same as now on the ASX.

Do we actually own them? I know there is scare campaign going around, but we will have enough legal ownership for my purposes, as in, they will continue to appreciate or depreciate in value, and I can sell them on the ASX whenever I want.

What are the dramas involved in the above? Minimal in my opinion.

Are we eligible for Capital Gains Tax? I 100% expect to be granted rollover relief, and in the unlikely event is it not granted, I will direct my accountant to treat it as a non-CGT event, and in the unlikely event he refuses, I will switch accountants, or I will apply for a private ruling from the ATO. It makes no sense that the ATO will not approve rollover relief because there is no money changing hands and therefore there is no CGT event. (None of this is tax advice since I'm not licensed to provide financial or tax advice.)

Along with the other questions from previous posters in search of clarity. Read the scheme booklet if you're unsure. It's a slog, I get it, but I am fundamentally comfortable with all of this. My only concern is for OS shareholders who aren't eligible. They are getting a very raw deal because unless they can convince management to include their jurisdiction in the scheme, their shares are going to be sold at the completion of the merger.

If you are happy with the above, fine, as I am not here to deter you. Very happy, or at least I will be, once the SP is on its way up again.

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Good to someone is seeing sense here

AKE Price at posting: $10.06 Sentiment: Buy Disclosure: Held
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1 Great analysis

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