PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 15th Jul 2008, 20:06
  #111 (permalink)  
denabol
 
Join Date: Jan 2008
Location: Tallong NSW
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Conned air?

Lemme ask if I'm getting this right. Toll shareholders get free Virgin shares. Toll writes off the difference between its investment and the price of VBA averaged over five days before the strike date in August.

But if VBA goes up, the tax free value to Toll holders goes up, the write down on Toll's books goes down.

And, duh, Paul Little and his mates keep their VBA shares and seats on the VBA board.

Far ******* out.
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