I have always liked this company and been in and out for profits before, no losses, no divvie in the past. However my accountant has not told me what the tax treatment is on this company. Will shoot off an email to them today.
Secondly I notice the ann on the acrux website:
Business Description: Acrux is a dynamic Australian drug delivery business developing and commercialising a range of patient-preferred pharmaceutical products for global markets, using innovative, patented technology to administer drugs through the skin.
Acrux Limited is a Pooled Development Fund. Shareholders will be entitled to concessionary tax treatment in Australia for income and capital gains derived in connection with their shareholding.
I doubt whether they could still advertise this fact without being eligible. But thats only my opinion.
I understand no more registrations are being accepted also, but in this day and age, I wouldnt be surprised that the benefit was withdrawn based upon a companies status. Hence maybe why the company is looking into the matter and retaining earnings until a clearer picture evolves.
JMO
Cheers
ACR Price at posting:
$3.56 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)