opes prime, page-31

Oh and the other question that needs to be answered and may given some creditors a huge uplift, are damages payments taxable?

If you had shares as at the 27th March that were worth say 55c cost and were worth 5c as at the 16th october. Do you get to decalre a capital loss as your proof of claim will have the value as at the 16th october, which is the legal date of sale and value, and a damages claim that will bring your proof of debt claim back to your netted off value at the 27th March.

If this is the case, some creditors may get a tax benefit due to the large capital loss declared.

The biggest pain of this proposal is that we have to wait to the end on may to see if it is going to fly.