The entity responsible for paying the (Capital Gains Tax) is the vendor of (Grafex)
(Greg Sheffield & Claudio Manuel Loureiro)
After-all Triton have not made any (Capital Gains)
When Sheffield & Loureiro found out they had to pay the (CGT), they tried to get Triton
to cough up for it (IMO)
Higgo has probably said F - You, you'se ain't getting F - All, (IMO)
Below was from the (Prospectus)
Section 3.3, under the sub-heading “Taxation and compliance risk” identifies the potentialposition to proceed with the acquisition of the remaining 10% interest in Grafex Limitada.
for the Company to have exposure to capital gains tax liabilities in Mozambique as a
result of its acquisition of Grafex Limitada. The Company considers that it should not be
solely liable for any such capital gains tax and that the liability instead primarily rests with
the Grafex Limitada vendors. Until such time as this matter is resolved, the Company
does not intend to make additional payments to the vendors of Grafex Limitada beyond
those required to obtain a 90% interest in the company.
The SPA provides that unless Triton makes payment for the shares in Grafex Limitada
that it does not own by 24 February 2016 it will retain its then 90% interest in Grafex
Limitada. Unless this date can be extended by agreement (or the Company can raise
additional funds to meet its payment obligations) and there is a resolution on the
contingent capital gains tax liability in the Company’s favour, the Company will not be in a
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1.1¢ |
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Mkt cap ! $17.25M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150388 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 667819 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150388 | 0.010 |
5 | 1352644 | 0.009 |
6 | 770529 | 0.008 |
4 | 492850 | 0.007 |
2 | 416660 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 667819 | 3 |
0.012 | 491367 | 5 |
0.013 | 1538461 | 1 |
0.014 | 200000 | 2 |
0.015 | 1333333 | 1 |
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