Tax loss for FY16

Hi all,

Thought I'd share some info in case there is anyone else on here in the same boat as I.

I called the liquidators at Ferrier Hodgson to check if they intended to make a loss declaration for VET ordinary shares before 30 June. They said they will NOT be making a loss declaration as it is too early in the liquidation, but that there is very little chance of a return for ordinary shareholders (hardly surprising).

For those, like me, who want to crystallise a tax loss in FY16, this is not great.

One option is to sell your worthless shares on Delisted (here: http://www.delisted.com.au/sell-worthless-and-other-securities). It costs $150 which is a shame but if you need the tax loss, might be worth it.

GLTAH