Saxon Capital Group Inc. (SCGX)

[integral]

Too bad the mentally retarded moron as CEO that is doing this has stock issuance problems dating back to September of 2008 with the Rule 144 rule changes.

Every share ever sold since may be illegal and any shares issued for services is taxable as ordinary income, not capital gains. Therefore, any stock issued recently the 91% drop is a capital loss on the ordinary income at the measured date and value.

Stock based compensation of $100,000, yet sold for $10,000 is $100,000 in income. The $90,000 loss can only offset gains, or $3000 per year against ordinary income.

As an example, The IRS wants their cut on the $87,000 in income.

2008, 2009, 2010, 2011, 2012, 2013, 2014.

Say hello to the tax man. And if you cannot pay...

Enjoy your shell, it makes for great play in the BOP. You can trade one shell for one candy bar and a packet of tuna fish.