You’re a punter ..
You take $51 tonight about a Melbourne Cup runner
Closer to November the horse wins a key lead up and firms into $8 favourite
Now imagine the governing body (RV) saying you need to pay them a tax because the horse firmed even though the race hasn’t been run
Sounds crazy doesn’t it?
That is the punting equivalent of taxing unrealised gains
$BAC Bank of America 🇺🇸
- Market cap $356bn
- Revenue $98.6bn
- Net Profit $26.5bn
- PE 13.4x
$CBA.AX Commonwealth Bank 🇦🇺
- Market cap $265bn
- Revenue $27bn
- Net Profit $9.5bn
- PE 27.9x
Food for thought…
Paradigm clear to proceed to our pivotal phase three clinical trial in knee osteoarthritis.
This is a significant milestone for the company. The team now shifts their focus to the start-up activities to initiate patient enrolment.
Read more: https://t.co/q1NCzDmAKy