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Tuesday, December 19, 2023 11:21:41 AM
Correct me if I'm wrong, but my understanding is that when you get free stock bonuses granted, there is a way to avoid paying tax from their own pocket until they exercise/sell them.
One way to do is getting the amount of shares subtracted by the amount of shares equivalent to tax amount.
For example, if you get 100,000 shares grated at the price of $0.50 (which is around $50,000 worth) and the expected tax was 40% to granted bonuses ($20,000 or 40,000 shares), then what they get for exercisable share Qty would be 60,000 shares. It means they are granted 100,000 shares, but what they actually get for exercisable shares are 60,000 shares. At this moment, they don't pay any money from the own pocket next year for this granted 60,000 shares because tax was already pre-paid by the shares at the time of grant date. It's like tax-free 60,000 shares for free while announced to be granted as 100,000 shares.
They pay tax only when they exercise these 60,000 shares at whatever price to realize short-term or long-term capital gain.
I believe that's the situation with NWBO management and in general for any company.
How can you pay tax from your own pocket the following year if you get the millions of shares as a bonus?
That's a lot of cash to pay for millions of shares if you are granted.
I am sure they will just reduce their exercisable shares by pre-tax shares as mentioned above, so getting millions of share bonuses themselves does not impact them to pay any tax from their own pocket for the following year.
Recent NWBO News
- Biophma Announces Exclusive In License for Dendritic Cell Technology, Sending Shares Higher • AllPennyStocks.com • 06/17/2024 04:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:11:16 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/03/2024 09:22:55 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/22/2024 08:13:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:04:57 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM