If you are a Marion shareholder you really need to seek financial advise now!
Here is a link that demonstrates that you may not be able to claim a tax loss. Pasminco was a blue chip company listed on the ASX that went into Administration. It was relisted as Zinifex now called Oz Minerals
Shareholders got nothing not even the tax loss
http://www.pasminco.com.au/index.php/shareholder-information/pasminco-shareholder-status
Right now you can sell your shares to companies like delisted.com
The signs are that we are nearing the end of this sorry tale.
Don't get caught with dud shares.
Good share traders control their emotions.
if you decide to hang on to your Marion shares, is this an emotional decision or a rational one?
its an important question to ask yourself.
A rational decision right now would be to get professional advice on claiming the tax loss before its too late.
Shareholders need to seek financial advice on this now or you risk losing everything instead of up to half.
If what McLeod has said is true that creditors have agreed to an arrangement it's a clear indicator that shareholders will get next to nothing
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