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With regards to EQL, from an earlier announcement "Equico listed on the Australian Stock Exchange on March 30,
2000, emerging from the shell of Perth resources junior Egerton
Corp Ltd."
I would assume that listing through a shell that the company would take on all assets and liabilities of the shell company. Presumably this is where the CGT liabilty came from.
I would say that the price performance is not necessarily from the directors selling some of their stock but more likely due to bad luck with market timing. The market is saying "anything that looks like a duck must be a duck".(substitute net/tech/comm stock for duck) In some cases it is right but in some cases it is wrong. EQL is one example where it is wrong,KRZ and SFM are a couple of others.
If the top and bottom line are there, and EQL was worth its' 20 cent float price, then now it is cheap at 16 cents. Its' yield will now be 25% better.
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