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In general, you can carry capital losses forward indefinitely, either until you use them all up or until they run out. Carryovers of capital losses have no time limit, so you can use them to offset capital gains or as a deduction against ordinary income in subsequent tax years until they are exhausted
Those 2 shares weren't a transaction they where a uncrossing trade and the rise is showing that, the midprice is .85.
In the process of divesting of assets, Scirocco management has said a number of times that it will listen to the various and competing calls for what to do next. As it repeats above, all options are open to the company and the fact that Forest Nominees have blown the whistle to go into extra time makes a result possible although not necessarily imminent.
So, what Scirocco has stated here… is that you don’t need an investment infrastructure if there isn’t a big pool of cash to invest right now and given the current status of divestments the timing is appropriate. Without a clear mandate to invest the company will now review other options and will continue to have necessary executive support for that review.
Well someone likes the result of it.
I was referring to the posters that came on when the stock was in the low 40s advising holders to take a short position
Up almost 6% today.
I hope not to many where sucked in by the shorters a few weeks back.
Someone is brave
Everyone, don't drink to much Troaj.
The Aim ruling 5.6 that is referred to state's that where a company disposes of all it's assets ( that would virtually be the situation here) they have 12 months from that date to start new investments
Failing to do so would lead to suspension.
Https://www.malcysblog.com/2023/12/oil-price-scirocco-europa-reabold-echo-longboat-jadestone/
By 2028 it could be a virtual company run by A.I robots.
It's easier to fool people than convince them that they have been fooled.
He would be required to raise a TR1 to dispose.
We could go around in circles until the cows come home mrc.
The fact is we are moving in a direction that is away from Gneiss, I'm not going to waste my time with suspecting.
I fail to see how being a major shareholder puts him in the driving seat. You would need a bit more than 2.9%.
You must know something not privy to the rest of us mrc, as I was aware Fitzpatrick left the board some time ago.
With the departure of Doug I would have thought that Gneiss are further from pulling any strings since the tenure of this BOD.
I personally see this as a positive, Doug Rycrofts connection with Gneiss clashed with Scirocco IMO.
Perhaps Tom is waiting for black Friday
Keep your chins up and continue to play "always look on the bright side of life "