Assuming 60 cents occurs and we get bought out, anyone have any experience with timing of sale date and payments to shareholders? I am assuming it will happen quite quickly (ie this financial year). Anyone have a different view? Wanting to know what likely tax loss will be.
Think about this - the company will get bought and not a single shareholder (on the share register when it went into suspension) will realise a capital gain on sale - not a single one!! Because the price agreed is less than the lowest ever traded share price and therefore by definition not a single shareholder acquired shares below the very generous 60cent offer
Makes my head spin - just feels so damned wrong!
Assuming 60 cents occurs and we get bought out, anyone have any...
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