Thursday, January 04, 2018 1:55:57 PM
The private transaction was to a Market Maker who is responsible for liquidating the inventory via fake churn and head fakes. Obus is still responsible for the deficit after the liquidation but can only book the tax loss @ $1.00 for 2017 but can book additional amended loss in 2018 on the actual net proceeeds from the market maker.
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