I am no expert in this area but do know ZYL went into VOLUNTARY ADMINISTRATION (only 6 months ago) which is a very different situation to LIQUIDATION. As many Companies re-emerge from Voluntary Administration to run very successful businesses for years, a shareholder tax loss cannot be claimed until a Company is liquidated.
ASIC Information Sheet 43 explains this in language we can all understand.
http://download.asic.gov.au/media/1339292/Insolvency_guide_for_shareholders.pdf
Hope this is of assistance. Have a happy day.
AL
I am no expert in this area but do know ZYL went into VOLUNTARY...
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Mkt cap ! $76.05M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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