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Sexton O Blake

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Sexton O Blake

Re: Sexton O Blake post# 7197

Monday, 01/12/2004 9:26:13 AM

Monday, January 12, 2004 9:26:13 AM

Post# of 19037
Taxing question indeed..

OT:
Not sure if anyone has an answer for this. Regarding Redback's stock consolidation and warrant issue..

Anyone know the tax implications (assume it was Canadian instead)?

My thought would be:
Attribute the my purchase against the common stock (73 for 1) as normal.
Treat the Warrants (pair) as purchase value of $0.00.

Sounds logical to me. Last time I had Palm and they split from 3COM - I got a huge DIVIDEND on my T5. (A simple letter with a "declared value" was all I needed to get around that bother; well, plus some rule changes Back at the CCRA - at the CCRA -- BACK AT THE CCRA!!)

Any help would be appreciated.
SoB


"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)

"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.

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