1MC 0.00% 0.3¢ morella corporation limited

Tax loss and any final payout?, page-4

  1. 17,840 Posts.
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    Hi Heisenmatt, AJM is still under administration, what was sold off to repay creditors was a subsidiary of AJM, being ALO.

    As such no determination of the value of your shares has yet been made, it will likely depend on what creditors AJM has and whether there are sufficient funds to repay those (hopefully most of the creditors were held by ALO) and whether anyone is interested in recapitalising AJM with what remains after the process.

    So unfortunately it's a waiting time to find out what happens to AJM, which is what you hold shares in.

    Just in my humble opinion though and one should seek professional financial advice on tax implications
 
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