Well if it's all in your SMSF I can see why you want money back...

Well if it's all in your SMSF I can see why you want money back regardless.
I think mine is more 55/45 in favour of the SMSF. So tax matters. But not that much that I'd want to risk a questionable project for LLL

Be interesting to see what LLL propose and what the FFX BoD vote is on it.
No reason in this day and age why they can't elicit FFX SH's (non binding) wishes via a registry vote like this:

Are you: A. In favour of the LLL proposal to purchase X project. OR,
. B In favour of winding up LLL and then FFX returning all the cash once recieved from LLL

Just include an explanatory note on the tax implications to FFX and it's holders of both options. Include a couple of examples to make it clear. And the LLL notice of their proposal.


I'd like to see that, I very much doubt we would get it. Be interesting to see what the vote was. Insto Vs retail bias, Top 20 vote etc...
Anyway we wait, and not long now.