Also (someone please correct me if I am wrong) but in order to take advantage of the capital gains tax discount prior to the conversion (so that it doesn't get reset) can you not simply sell and re-buy during the afterhours auction. All it would cost you is the brockerage fee??
eg. Buy SSNO 1/6/10 Sell SSNO to yourself 1/7/11 (50% CGT deduction) Convert SSNO to SNN 4/7/11 (Cost base reset to purchase price of options plus conversion cost)
And yes bushboi I agree if you wanted to sell you would be better off selling just after july so that you would not have to pay CGT until the next financial year. Essentially giving youself an interest free loan on the amount you would have paid otherwise.
SSN Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
