Tuesday, November 19, 2019 11:04:48 AM
I still have voting rights on shares that I sold and some that I still hold and I will definitely be voting NO as I did the last time...just in case the vote count is close. But even if the vote gets turned down, as it was the last time, it will not make any difference as long as the clowns in charge of the circus are still there.
For those shareholders, myself included, that are still holding out hope for some divine intervention, even if you were to sell now, there will be plenty of opportunity to re-invest again in the near future in this company. But there is no way that I will part with my money as easily as I did the last time.
From a financial perspective, I made the comment a while back that the OWCP shares are worth more to me dead than alive. I did a calculation last night, that for those investors that have to consider capital gains from other investments, applying the capital loss from OWCP will save approximately 30% +/-, depending on your particular tax bracket, on the capital gains that you would otherwise be obliged to pay tax on. In my case, I put a value of approximately $0.10 for my "dead" shares! Hopefully there are many of you that can also benefit this way. If not, that is most unfortunate.
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