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My MT shares which will soon be CGC...
Clutch it like a cornerstone, otherwise it all comes down
Justify denials and grip 'em to the lonesome end
Clutch it like a cornerstone, otherwise it all comes down
Terrified of being wrong, ultimatum prison cell.
Defining
confining
and sinking deeper
Controlling
defining
and we're sinking deeper
If we think about CGC/MT this way...
-Maynard James Keenan
Don't forget that one can't buy back their investment (at least in Canada) within 30 days of their tax loss sell or it'll be deemed a superficial loss by CRA.
Also, the last trading day of the year is 30 Dec (Friday)
We need to remember to keep in mind you need a standard 3 days trade settlement. So 27 Dec might be your last chance for tax loss selling.
Best to double check with your broker but I'm nearly certain they all have the settlement rule in place.
Obviously the US could have different re-purchase rules.
Cheers old friend
Nice post, I don't know how to paste pics.
Wow interesting.
With my current house now. I've historically rented the basement and the top floor I use as my vacation home.
I've been writing off capital losses from 2010-2013 and the last 2-3 years I have not rented it. Presently use it as a vacation home.
How would CRA view this?
Agreed. I can put $53k into rrsp. I don't believe in RRSP due to the way they can tax us when we withdraw without us even making a penny. But for a tax break, yes it can be beneficial
I've built a nice TFSA up. Only invest with it unless I'm shorting I use margin account.
Never use margin either.
I don't understand your post
ChacenAces you said:
"You are considered a first-time home buyer if, in the four year period, you did not occupy a home that you or your current spouse or common-law partner owned."
My current house is/has been rented and is not my current primary. I think I qualify.
This slow brain is still not getting it. I purchased my home in 2010. Me and my wife both legally own it...
I put a down payment down on a house to be built in Jan 2018. (No mortgage on it, just a down payment to builder)
I may or may not keep my current house and rent it after I move into new house.
My current house is a secondary residence. Primary is rented.
I never put a dime into RRSP before but plan on maxing it out before March 1 2017.
Can I take advantage of the 4 year rule?
Nice post. Thanks
Wow this could be huge, I am building a house near Ottawa to be moved in Feb 2018.
Wonder if I qualify.
Sorry I'm not understanding the four year rule. Can you explain it to me like I'm a 5 year old? I'm not terribly bright.
Thanks in advance for this I'm looking for ways to bring offset gains incurred.
Good post. I heard someone say (possibly Vic neufeld) that only 5% of doctors are prescribing Cannabis.
That in itself is enough to show us that there is astronomical upside to the medical cannabis industry.
Doubling these forward thinking doctors doubles the market. Imagine when 50% of doctors start prescribing.
It will only get better as these old conservative opiate slingers retire and new blood replaces them.
Oh I see. I've only taken part in BD's with 4 month lock up. I thought shares were offered immediately from broker on these.
Wouldn't this be the reason we've seen so much shorting? People who bought would immediately short until it levels off.
Guarantees they don't lose money, (or make money if it climbs) but an excellent risk mitigation
And atleast you have the peace of mind when the sp retraces to atleast the Bd price.
You can only use that rrsp home buyers thing on purchasing your first home.
How long after the BD did it take to get shares tradable in your account?
Why are you misquoting me? I never said "no one knows the deal"
I said it's amazing that some people still don't understand the deal.
Other than that I agree, ihub is but a splash of the investment world.
It's sad that even still people don't understand this deal. It actually tells a story what type of idiots invest in pot.
Anybody who votes the deal down is unintelligent.
Anybody who thinks Mettrum has a better outlook than CGC is unintelligent.
I'm nearly certain Tweed farms is harvesting 3 crops a year. 1 would be horrible
I see more selling pressure than buying for CGC. Spread tightening penny by penny tho
You're right for the most part.
Police are needed though to stop other thugs from coming into your house and doing bad things.
I respect the law. Even if some of them are dumb.
pot being illegal isn't as dumb as the government taking a huge chunk of my investment profits and calling it tax.
Yet if I were a fish and lost everything I get no help from the government afterward.
Only a receipt saying I can write off future gains with my losses incurred.
Most people that lose everything tend not to invest anymore, making the whole thing legalized theft.
How did we let it get this way. Income tax, I get it. Help the sick, build infrastructure etc.
But to take my money that I made through investments (which is gambling) is wrong.
They don't tax the Lotto winners. They don't tax casino winners.
Mmpruser, the post you are replying to proves my earlier point about the retard vote.
There are more stupid people in the world than smart. I think you know that.
Any Mettrum SH who votes this down doesn't realize they will be mid $3s after. Maybe me and my friends will buy it at that point via hostile take over and take the retard vote out of the equation. We could use your recent profits to help us out.
Bad deal for CGC, great for MT. But even CGC sh's will vote for.
Oh you don't approve of Tweed farms? It's the only thing I would invest in with CGC besides their branding edge.. Ontario Hydro rates exploiting Smith falls, MT and BED doesn't make this overly attractive at this current valuation.
Tweed farms is key.
Well as you stated earlier, with the issues your wife has with her health, there is no way she wouldn't qualify for home grow.
We are on the verge of losing that unicorn status. Perhaps closing the MT deal will trust us ahead. $6 is the unicorn line post merge
Which LP are you referring to?
DD would suggest THC has full regulatory approval. They are even approved to sell clones.
As a home grower This Might be worth looking into.
They are no CGC tho.
THC climbed 1400% because it was a dime. Every other LP was 10 times the value. Even if THC is no CGC, it's an LP, one of 36 in Canada. That in itself was the reason it climbed.
We are not even close to desperation mode for small LPs.
I say there's still a lot of money to be made by dabbling in smaller guys. With the finger on the sell trigger.
Cgc might not be the big dog 2 years from now. Probably will... but might not.
You have never made a better post. You're bang on. It's legalized for medicinal use only.
Bruce promotional habits made him look like a penny stock promoter.
Let us forget this misstep
What opinion?
Are you saying I'm not being polite? I thought I was.
Wrong, you are merely speaking for yourself.
Suppose you are a bag holding BD investor facing a clear down turn. Do you a) sell at a loss. b) hold and take no action of c) short and profit
Plenty of evidence that large block holders short when facing turmoil
Yep. When you're right you're right. Money ain't a thing but a chicken wing. True friendship like what we have is all you need
Good luck on your CGC investment.
I still want to hire you to run my store front after Rec is more clear.
We'll stock shelves with the cheapest pot in the country. That won't be CGC, since it's like one of the highest cost producers out there
I'm not sure of anything. Certainly not how people view this deal. Haines got one over on Bruce. I believe a mt SH who votes against is an idiot.
A CGC vote against can at least be justified. Although at this point it's bad to go against the CEO and would really hurt this stock if the deal was voted down.
I never said big Money was against the deal. I said my only concern is the retard vote.
Clearly I can't be that concerned since I took my first re-entry at 6.02 at close.
How come some times you are polite and other times angry and rude? It's easier to be friendly in this world.
I don't get it? Can you explain. I'm just a poor, dumb, slow witted government employee that is waaay out of his element investing in pot stocks.
Just trying to make a buck.
Would love some pointers.
Wrong, banks won't let you borrow above a 40% gross debt to income ratio.
You previously stated that you are an entrepreneur that refuses to pay income tax. Making it hard for the government to track income from your French fry truck business on summer weekends and collecting pogie all winter.
That game plan might not entice banks to lend you any money.
So for this reason you won't get any credit. I hope you bought at bottom and make a lot of money!!!
"Major investors" don't associate with poor little mental patients that call themselves investors.
You won't see them coercing the retards to vote a certain way.
Oh you think "major investors" talk about bad deals on ihub?
Ok
Don't forget that the retard vote might burn us on MT.
Never forget the retard vote.