00:01
So, well, we're basically going to be looking at the information that is provided regarding ownership of shares.
00:06
And we specifically want to look at what the provisions of the attribution, attribution rules for the change in stock ownership tests in the redemption.
00:16
So let's find out what information we're given.
00:19
We have gw carp.
00:22
So gw carp is an organization that is 40 % owned.
00:30
By 40 % owned by devana and 60 % by alpine.
00:38
So we have devana as 40 % stack and another organization alpine owns their other 60%.
00:54
Now what is also interesting to note is that this alpine is owned by 40 % 40 % is owned by devana and the other shareholders on 60%.
01:23
Okay, so basically the information is that devana owns 40 % of the group.
01:32
Now obviously, devana is able to own another 40 % in alpine inc because he or she does doesn't have up to 50 % shares in alpine.
01:48
So without 50 % shares in alpine, the shares of alpine in g .w.
01:59
Corp cannot be attributed to devano.
02:02
So because there has to be a controlling stack in order for them to be deemed their shares.
02:10
So that's the first thing that we need to take note of...