Sounds easy enough right?
Not so easy though, there is more to it.
If you truly are looking to take $1,000,000 from your 300K shares, you want to be a bit more "strategic", IMO.
So, yes, 1,000,000 divided by 300,000 is 3.33, or $3.33 pps to make 1 mil $$$.
Now, 2 things have to be facted in here.
1. taxes
2. proper peeling off your holdings to not crash pps / build a wall that compromises the pps activity and steady growth & activity.
I will emphasize.
Let's begin with taxes. Short term holdings are taxable by a minimum of 20%, give or take. So let's use that #.
20% of 1,000,000 is $200,000. So, to truly make your 1 million dollars, you will need to pull out, or "sell" $1.2 million. Which now puts the pps exit @ about $4. That will give you the $1.2 million dollars you need, to clear your $1,000,000 after taxes.
So, now how do you get that money out of the active market when positioned? You simply can't throw 300,000 shares up at the ask while the pps on this thing is running around $4. Chances are the ask will have 5-10k share clusters available, MAX. So, now you "peel" off share clusters to build your earnings slowly. Yes, this might take you a couple of days, a week, etc, so to speak, but a much healthier way to exit your position, assure the integrity of the stock continues to flow and rise/grow/hold, and you safely remove your position maximizing your profits in the least detrimental way to the overall stock activity and run.
So, if you plan to make yourself a "millionaire" off of your 300k shares:
Congrats on your 300K share position! You are on your way!
Hold long and strong till the $3-4 pps comes along, then strategically peel off clusters till you are empty. Now, with your $1.2 Million dollars in your account, transfer it out to your bank account, call your accountant and ask him for a few minutes of his time to get you straight.
Just my opinion, advice, and me thinking out loud.
Congrats to all of the LONGS here, we are in for a very wonderful ride aboard the DOLV(JB&ZJMY) train!
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