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Re: N4longterm post# 107289

Friday, 04/22/2016 11:12:28 PM

Friday, April 22, 2016 11:12:28 PM

Post# of 221942
WAIT!!

Actually, it looks like loanranger had it right. (sort of)


If you have a $10.00 POS stock and pay your worst enemy, Richard Munch, $80.00 to take it off of your hands.

Again, the formula used is:

sell$ minus value$ divided by value$ to get the decimal amount and that times 100 equals the percentage discount

so:

(-80-10)/10=-9 times 100 is 900% discount(?).

But can you call it a discount if you have to pay them to get rid of it. Regardless it is not a good way to make money on a stock.

Would the IRS consider this a loss, or use OTC math and call it profit?

In case I forgot to mention it above, Always Just My Opinion

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