oh gosh - a reply

Hope everyone is sitting down with their safety harness on!

Sent off an email to Tom (PPP) about possible ATO decision timing early on a Fiday morning some weeks ago......well April 20th to be precise - 19 days ago or 13 working days ago to be fair.

Well, wonders will never cease because it must have got through their office defences and they managed to get around to sending a reply.

Hmmmmmm. Well the reply is no big revelation but I do feel I should go and celebrate that I actually got a reply.....even if it did take a bit of time.

Here is the reply:
...........................................................
During the March Quarter PPP continued to follow through the process of obtaining a Class Ruling from the Australian Tax Office (ATO) regarding the tax treatment to be applied in relation to the 5 cents per share return of capital announced at the Company’s 2011 AGM (subject to shareholder approval at an Extraordinary General Meeting).

As the penalties for the adoption by the Company of an incorrect tax treatment are material, obtaining a Class Ruling is essential. The Company anticipates receipt of the document from the ATO shortly.

Kind Regards,
Janette Gudgeon
Office Manager
>..........................................................
Okay no big revelation but at least it does continue the line that the ATO ruling should be coming to PPP shotly in the form of a document.
"Shortly" to me means this month (and that is being very generous)
Whether PPP have the same interpretation of the word remains to be seen.
Patience, Persistence, Perspiration.