Ok guys, just a quick summary for those with NFI.
If PDN get over 90% acceptances, there will be script for script meaning you wont pay tax until you sell the PDN shares. (I cant clearly remember but I think if they get less than 90% there is no script for script as they cannot compulsorily acquire the company and it will remain separate - not merged but also probably not listed)
Also if they get over 90% acceptances, the remaining shares will be compulsorily acquired. This means that you have no choice once it hits 90%, however it may take up to a month to issue the shares so if it gets to 90%, those who dont accept the offer may have to wait a few weeks before they have them allocated and can trade them etc.
This is not financial advice, just the ramblings of an old man with no money and a respectable amount of experience, training and education.
summary
Add SMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $381 | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 18298666 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 540108 | 3 |
| Last trade - 13.06pm 27/11/2024 (20 minute delay) ? |
| SMM (ASX) Chart |
Day chart unavailable
