CurAegis Technologies Inc (fka CRGS)

[dread50above]

This is your chance to answer all your iHub investor’s questions and render this board useless@! Good luck! Let’s jump into it.
1. Earlier this year, there was a issue about the sale of TOVC stock for estate purposes. Would you clear the air on what happened there?

Happy to. It’s not complicated. Back in the 80”s, my father without advising anyone, gifted a significant amount of money. A few years ago, if you look on the 144 forms, he established a grandchildren’s trust and the number of shares in that trust was based on the one time, $1m gift law in the IRS code. And he made that gift when the stock was about $1.25 with typical discounts. After my father passed, the attorneys and accts discovered he had made a significant gift in the 80’s that pushed him over the one time gift exemtption. Therefore, my Mother was advised that she may have to come up with a significant amt of tax to come up with the cash to pay the tax difference.