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Rest in peace Jugs. You will be remembered on this board. You were this board.
Wonder if any of the selling is due to some seeing the crazy market cap reported on yahoo compared 22 million in sales, and say WTF and then hit the sell button. Probably not but you never know.
For any one interested, Avital now has options.
Bell Potter article is from Nov 14 2019. Bell Potter helped raise 120 & 40 Million. One director owns 3.3 million shares. Analyst covering stock owns 20,000 shares. 2 weeks before capital raise BP analyst upgraded stock $.69 to $ .83 .. Last line stated BP churns out self interested gibberish like clones of Jim Cramer.
What I believe:
There is no such thing as a long or short term capital gain in an IRA.
The amount you convert or receive as a distribution is added to your gross income for the year you convert and you would pay tax at what ever your ordinary income tax bracket would be.
You really should talk to an accountant on matters like this. You may want to convert over a few years to keep your income in a tax bracket that would be financially more beneficial to you.
But it seems like you are correct that you can convert "X" amount now and pay tax on it, or wait for Avita to become worth a lot more and pay 2 or 3 times "X" in taxes.
Please do not take what I have written a gospel. Talk to an accountant.
KS, are you the same Keepsmiling over at Algo fighters? I've mentioned Rcel a few times over there. but does not seem to have much interest on that board
All I can say about that is that it will not suck to be you. Congrats in advance.
Thanks for the replies. As for me, a friend told me about it and showed me some before and after photos back in 2012. That's all I needed to see to make me want to join the party. Looking for Japan approval by end of Feb. and and a price of $60 within 2 1/2 years.
Just curious as to how those in this stock since 2012-2013 heard of it. I would think very few would normally invest in an OTC stock based overseas, or even know of it.
Added 300 share at $8.66
Pre Market - Looks like 2,000 shares sold over a few trades caused dip to mid 8's
Will be buying more if it stays down for a few hours
Looks to me like todays drop was just to close the gap from January 9th. Plus just about everything Biotech took it on the chin today. I am sure our resident boy genius saw that.
Actually saw Avita Medical on CNBC ticker this morning foe the first time
Not sure if has been mentioned but The Street.com wrote up an article about Avita today. Subtitled "A promising Stock"
Yes, $50 (minimum) takeout is my ball park figure also. I can't see an offer like that at this time so I wait, and wait, and wait for sales and earnings to justify such a number.
If the show brings increased analyst coverage, that will be great, but the last thing I want in the near future is for Avita to be bought out. I think it is way to early for that and at this time would not get anything close to the the price I am looking for. If Avita (RCEL) got a buyout price of $20 I think that is chump change compared to what I believe they will be worth in 3 or 4 years. Just my opinion. So in the mean time, l will continue to ride this pony along with all of you on the board. Booyaa
How often does Cramer say Buy Buy Buy to a stock that is already up 600% in a year. He may say he loves the product, but may also say to wait for it to come it a bit. Hope that's not the case, but I am not going to assume that a pop in price is a given. Would be nice, but can it really be that easy. Our reward will come when future sales and profits drive up the price. Not from Clown boy Cramer.
My two cents. If this stock never had gone so parabolic as to reach the high 9's, who in the world would not be ecstatic to be owning a stock that went from 2 to 7 in about a year. Sure there are some who can trade this thing for even more profit. More power to them. They may even end up doubling the number of shares they own without ever spending more money. There are probably many stories of traders doing this with the likes of Apple, Google, or many other stocks. But please find me the owner of Apple stock that never traded his shares and is pissed off at his decision to buy and hold. I made my first Avita purchase in 2012 and last two days ago. Wish I was smart enough to know where the bottom may be so I could sell and buy back cheaper, but I don't. Percentage wise, there is a big difference between a $7 and $9 stock, but My belief is that Avita is destined to become a 5 billion dollar company (if it does not sell out too early) and when this stock is worth about $40 to $60 per share, who will care if they bought in at $7 or $9. Again, only my two cents.
Might I suggest selling some that show no profit or little profit and repurchasing in a Roth IRA and you will never owe taxes on any of the Capital appreciation - or at least until Congress screws us there also by changing the rules.
Personally, all my shares are in Roth and Traditional IRAs, so I can sell any time without worrying about taxes at time of sale. But need to be aware that taxes will be due on any withdrawals from Trad. IRA. as ordinary income. Just have to be aware of that and withdraw with common sense.
Been in Avita since 2012 and will hang on until market cap hits at least 4 billion - Maybe a pipe dream, but I don't think so.
I would say good luck to all. but I do not think we need luck.
Does this addition also mean NASDAQ listing begins 9/23 also?