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Jervois Global Liquidation: Shareholders Face Capital Loss

Story Highlights
  • Jervois Global’s shares were canceled after its reorganization plan and DOCA approval.
  • Shareholders are unlikely to receive any distribution and may consider a capital loss.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

Jervois Global ( (AU:JRV) ) just unveiled an update.

Jervois Global Limited, currently in liquidation, had its shares canceled following the approval of its chapter 11 plan of reorganization and a Deed of Company Arrangement. As a result, shareholders are not entitled to any distribution, and the liquidators have declared that there is no likelihood of shareholders receiving any distribution for their shares. Shareholders may consider making a capital loss for tax purposes due to this event.

More about Jervois Global

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$29.73M

See more data about JRV stock on TipRanks’ Stock Analysis page.

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