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Re: MMJ2017 post# 203798

Wednesday, 10/04/2023 10:20:00 PM

Wednesday, October 04, 2023 10:20:00 PM

Post# of 203912
I took a quick look at the transactions you posted. "Roughly stated", .39 cents per share was considered the "fair" pps before the JF pump. That number changed slightly based on the date, but if you use .39 you should be close.

So if you bought 1,000 shares for 1.00 = $1,000. Now subtract .39 & you get .61 x 1,000 = $610. So $610 is your "qualified loss". So shares you bought for equal/less than .39 cents don't qualify. (You had a bunch) You also included your commission (peanuts but subtract it). I don't think the $550 profit you took early on effects anything.

I came up with $21,213 qualified loss, multiplied by 49.7% & your net check should be $10,542. I did this fast & used .39 base but it looks like your check is short? If it is, I have no idea how it could be corrected? They only had so much to pay out.
Good luck