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Wednesday, 03/06/2024 11:53:28 AM

Wednesday, March 06, 2024 11:53:28 AM

Post# of 461
Better with DIvvies or Capital Gains? I don't know about you all but with the current stock price in the toilet are we better with divvies we have to pay taxes on or getting the stock price up to a capital gain? I have raised this issue with IR but not making any progress so far. Its crickets as far as getting a dialogue going on this While divvies seem more powerful to Mgmt. to us long term shareholders with massive capital losses due to the pathetic share price losses I say its salt in our wounds since we are paying taxes for the divvies while we are bleeding worse with taxes on a looser. I have raised this matter with mgmt and so far its like pissing into a fan. They are married to the divvie despite the tax losses they have created for their long term shareholders. The divvie is being used to lure new shareholders while the long term shareholders are not getting a break as we are paying taxes on the divvie while our capital losses gain us nothing unless we sell and buy or buy back which can also create issues. So far I am not getting any traction with Mgmt over this clustermuck. Obviously having a declining share price is less of problem than paying divvies and getting reinvestment of some or all of the divvies. To those that have been around since the spin off..... tough manure....so far. If this remains the modus operandi then I am going to stop my reinvestment and just take the cash unless the sales price is low enough to neutralize losses already incurred. Good Luck. Perhaps up listing as jsc advocates could be a positive tool for this too.
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