If the 444GA Application is successful and the ASIC Relief is granted upon the transfer of all of he Company’s shares to Karma you may be entitled to claim a tax loss on the shares you held in the Company.
The Deed Administrators will issue a further notice with respect to this in the event that the 444GA Application is successful and the ASIC Relief is granted.
Shareholders should seek independent taxation advice in relation to claiming any losses from their shareholding in the Company."
by the looks of things, best case scenario will be a claimable tax loss on shares held in this company, but that all hinges on the 444GA Application being successful and the ASIC Relief being granted.
QFX Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
