What do you reckon claiming it on tax as a self education...

First 16 Last

Share
Profile

Follow
tubbyguts

1,928 Posts.

54

12/12/18

22:03

Post #: 36839708
Share

Originally posted by coppernoob: ↑

Class actions are NOT against companies, they are against current AND PAST directors. Individually and collectively. Some of those you would expect would be very wealthy individuals, especially MO, however history has shown that if people are involved in dodgy dealings (and I am not making accusations) they move all their assets into other people's names, so there is nothing to take.

Sadly you are right, ASIC will do SFA. ACCC will do SFA.

If fraud can be proved, many individuals could lose their assets under "proceeds of crime", if they haven't already put them in other names. However, I think the proceeds of crime would go into general revenue, and shareholders would get zilch anyway.

If CCE hits the dirt, shareholders are unlikely to get anything.

IMO there are only 2 possibilities for us to get something back.

1) Takeover.
2) Hire experienced people to turn the business around (payment by results). Don't hold your breath, even if someone were brave enough to take it on, I would expect it to take several years to get on track to profitability.

If I sell now I definitely lose more than 92% of my investment. Gone! If I hold I may lose 100%, or I may get something back. I'm holding. It's a gamble. The only consolation so far is that far smarter people than me, including governments (Oh, did I just contradict myself?) have ended up in the same predicament.

Again I concur, an expensive education experience. (If you think education is expensive, try ignorance).
Just because governments invest taxpayers' money into a project, that does not make it a good investment.

Expand

What do you reckon claiming it on tax as a self education expense?

CCE Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

There are more pages in this discussion • 28 more messages in this thread...

First 16 Last

Add CCE (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $13.91M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$2.209K	54.92K

Buyers (Bids)

No.	Vol.	Price($)
1	603	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	262644	4

Last trade - 16.10pm 18/11/2024 (20 minute delay)

CCE (ASX) Chart

What do you reckon claiming it on tax as a self education...

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

What do you reckon claiming it on tax as a self education...

Top Stories

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News