ERHC Energy Inc (ERHE)

[RubyMartin]

O.T. "Get A DOUBLE Tax Deduction Every Time You Put Money Into Your IRA" (That's the heading from a Bottom Line Magazine) The story is...

"Next time you contribute money to your IRA, don't just use any old cash. Instead, sell a stock that has declined in value...and use THAT money. You'll be able to fund your IRA and write off a capital loss at the same time."
"BONUS: If the stock is one you want to hold on to, you can have the IRA buy it back. Since you and your IRA are considered separate entities, the IRS's "wash rule" will not apply."


With ERHE as low as it is, this sounds like useful information some board members could use.