Originally posted by Airdon
I agree that there does not seem to be much in it for shareholders and can't see how it's a good idea to accept. But if thelegal/media/regulator avenues fail and the votes are not enough to acquire everyone's shares will we be left with shares in a company that's not trading for ever. What's the endgame? A lot of posters feel the money is already gone does anyone see an escape without external intervention.
If you are left with shares in a company thats not trading for ever, then claim as tax loss, for some that could be 40% of your money, you must go to ATO.gov.au to confirm this or see your accountant.
I personally will not be accepting. I would rather take tax loss and move on. If we end up being forced to move over to JBL, I will sell my shares at .001 and get rid of them asap so again I can make tax loss and claim.
Good luck to shareholders and do whatever you think is reasonable is best financially for you. I hate being in limbo. I cant even donate my shares to charity as they are in suspension.