Hi walker just read your other post, my cousin rang me for some help, and said he got the same reply and does not quit understand his options, I am not sure I fully understand either from the reply he received, do you understand these options.
"The stock is currently undergoing a sale proceed facility, once completed the cash proceeds will be paid to your Member Direct transaction account in early November. Should you chose not to wait for this, you have the option to forfeit the stock by moving the units on hand to the house account. As the result you will not receive any value in return but the loss incurred can be used to offset against any future gain for CGT purposes."
