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Post# of 734040
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BarnacleBill

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BarnacleBill

Re: None

Thursday, 12/15/2011 1:06:36 PM

Thursday, December 15, 2011 1:06:36 PM

Post# of 734040
A question for people with tax expertise. When the conversion occurs what will the date be on the stock? It is called a settlement so would selling be tax exempt? Is the effective date say Feb. which screws us on long term ownership status. The shares we own are cancelled and NewCo. issued does it come up as that days purchase. Sorry if these are dumb questions, hopefully the answers are smart. WithCats seems to know tax law - any help on this is appreciated if by an act of God we actually make a profit on this ordeal.
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