Good Vibrations Shoes Inc (GVSI)

[Chivito]

The difference between those that held and those that sold $GVSI yesterday in Pink Limited

Bought 1M @ avg = .01 = $10,000
Sold 1M @ avg = .045 = $45,000
Profit = $35,000
Long Term Tax (Held over 1.5 years) = ~ 15% of $35,000 (profit) = $5,250
Net = $35,000-$5,250 = $29,750
Total Cash on hand = @$29,750 + $10,000 = $39,750

Rebought 1,000,000 shares @ avg = .03 = $30,000

Goes to $1
IF you sold sold 1M @avg $1 = $1,000,000
Now its short term tax @ ~ 35% = about $350,000
Net = $1,000,000 - $350,000 = $650,000 + $9,750 prior profit = TOTAL = $659,750

If you had originally held on to 1M without selling
1M sold @avg $1 = $1,000,000
Long Term tax @~15% * $990,000 ($1M – 10K original) = ~$150,000
Net = $1,000,000 - $150,000 tax = $850,000

Yikes, that’s almost a $200,000 difference