I was always under the impression that the ANT tokens shareholders receive were to replace the shares that Shareholders own.
Just been advised by a fellow shareholder that shares in Maidsafe will remain in the ownership of the shareholder in addition to the ANT Tokens.
Is there, or will there, be any value in the shares in Maidsafe now?
You’ll need to confirm that information. I was under the impression that isn’t quite what is happening.
Just get it confirmed
I was forwarded this information sent out yesterday direct from Maidsafe:
“While you are able to redeem an ANT allocation for the support you have given to MaidSafe, you are not receiving these tokens as a method of exchange for your shares. Your shares in MaidSafe remain yours, nothing is happening to your shares. Receiving an NFT (or not) has no impact on your share status. “
The problem with that is that receiving those ANT is an immediate, taxable capital gain and you can’t offset it against the purchase price of shares that you will probably never be able to sell.
If that’s true, this is a mistake, probably done to simplify the administration but at great cost to direct shareholders.
I wonder whether BTTF will do the same with those holding shares in the SPV or if they will be exchanged for ANT instead, which would mean you could deduct the cost of the investment from the value of the ANT, which at current prices would mean a loss and no tax to pay.
The information supplied stated that tax won’t be due until you download the ANT tokens.
Obviously. My point is not about that.