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16.0¢ ten network holdings limited

Ann: SALE AND RECAPITALISATION OF TEN, page-23

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dleb

2,256 Posts.

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28/08/17

12:53

Post #: 26804889
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Originally posted by rosencrantz ↑

shareholders get nothing..not necessarily .
Both ASIC and the court have to approve.
And given that the tax losses are so substantial ($1.0bn+) and that these losses inhere in the company [ ie shareholders] and that the continuity of its business test is easily passed any decent advocate against the compulsory acquisition should be able to argue for partial compensation to shareholders [[ 5% equity??]].
Time for shareholders to :
1.contact ASIC to establish their position
2.contact their federal member
3.set up a crowdfunding vehicle to recruit a suitable advocate( any tax accountant will suffice)

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Good point rosen $1bn+ tax loss goes to an offshore entity , What about the interest of all Australian shareholders suffering losses , ASIC Need to be vigilant here !

TEN Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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