re: cgt issues...but is it an issue
Couldn't agree more with bootleg's first post. The sooner this KCN hoo-har is over the better. They clearly were not prepared to pay enough for AND and now they have been left high and dry with 20-odd%. What a waste of time and money. The market decides what a company is worth, not some pallid analyst or some knob poster on HC.
KCN will invariably get a seat on the board of AND in my opinion but will never have the voting power. The 20% overhang is a bit of a problem for AND holders but KCN would surely not drop this on the market.
KCN have wasted a lot of time and cash on this and all they have succeeded in doing is diluting their own holders and collecting an effectively useless quarter or so of AND. Losers.
AND Price at posting:
0.0¢ Sentiment: None Disclosure: Held