Hi Follywood. Recapitalisation of SWE will be complete (and...

Hi Follywood.

Recapitalisation of SWE will be complete (and tradable) on July 5th. No capital loss for this financial year sadly.
Not that many (any) of us will have salable parcels of shares.

The real value comes from the equal percentage of SOGTL shares we are allocated as past SWE shareholders.
If/when these become liquid and duel listed, we can sell them as per normal, but will pay capital gain on any dollar we receive. My understanding is that we can't have it both ways. Can't claim a tax loss on Swala and yet not be affected by returns from SOGTL. Consider for taxation purposes then, that we all get our SOGTL stock for free and that every single dollar, is pure, taxable profit.

Of course none of the SOGTL stuff may eventuate in which case, we claim the SWE loss and move on.





Please understand that I am not an accountant.
All of what I'm saying is my opinion only and may be completely wrong.
Not financial advice. DYOR and every other Hotcopper acronym and disclaimer you know of.