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N4longterm

04/22/16 11:12 PM

#107293 RE: N4longterm #107289

WAIT!!

Actually, it looks like loanranger had it right. (sort of)


If you have a $10.00 POS stock and pay your worst enemy, Richard Munch, $80.00 to take it off of your hands.

Again, the formula used is:

sell$ minus value$ divided by value$ to get the decimal amount and that times 100 equals the percentage discount

so:

(-80-10)/10=-9 times 100 is 900% discount(?).

But can you call it a discount if you have to pay them to get rid of it. Regardless it is not a good way to make money on a stock.

Would the IRS consider this a loss, or use OTC math and call it profit?
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shajandr

04/23/16 12:32 AM

#107305 RE: N4longterm #107289

"Can I try to help him??"

Sure, give it a shot. Butt I'm warning ya, it's a futile quest.

It'd be easier to teach a carp to touch-type.

Spongetech attracted an interesting crew of folks, starting with Steven Yehuda Moskowitz himself (aka 'David Bomart, Esq.') signing fake 144 opinion letters sent from his own personal fax to the TA.

"Darn, I forgot to bring the 600% discount coupon. Oh well, we can still take advantage of the 'One for the Price of Two' special offer."