APT MotoVox Group Inc. (MTVX)

[Chrisandwynn1]

The tax question. Investor A is $25,000 in. The account ledger shows a value of $2500 at 25,000,000 shares at .0001. Now, if you were to "get rid of" your shares to your broker (for a fee) you could start claiming your $3000 a year max allowance write off. This is of course not off the top of the bill. It's a percent of a percent that you don't pay. On average it would be around a $600 savings off the bill for most. So I could in theory over 8 years save $4800 off my tax bill. Yea. Ok. Now investor A does nothing with his "worthless stock". He in turn IS able to sell at .0001 and pocket the $2500. The total loss is $22,500. Investor A can still do exactly the same thing as above yet pocket the $2500 and save 7 years of tax loss at $4200. Net gain = $1900. For doing nothing. Instead of doing "something" and paying to sell your shares. You can retroactively claim losses (I believe 3 years back) so if investor A did nothing for 3 years he would still be in option A without any negative impact. More importantly, if some miracle happens in the next three years here, you would be the guy that paid to get rid of his shares. Instead of doing nothing. Which is free. If you can live with that, to ensure you net the least amount you can from your loss. Go get them tiger. For me, I'll play the numbers. Be patient and with any luck come out with more than the very least possible. Which will always be available to me. Hope this helps. MTVX.