Replies to post #47918 on Sycamore Entertainment Group Inc (SEGI)

[Myth]

I remember reading somewhere that there could be a way for Canadians to liquidate stock in a case like this.

Anyone here that can shine some light on this ?

[Myth]

Here it is, not sure how Canadians could declare a Tax Loss without selling...

From the SEDAR homepage:

- click "Company Profiles" in the top navigation bar
- under “Public Company”, choose the first letter of the company’s name
- scroll down the list and click on the company name

If you are unable to reach the company, you may contact the Securities Regulator who issued the CTO for more information. If multiple CTOs are issued against the same company, contact the company’s Principal Regulator. This information is also available under the company’s profile on SEDAR. Follow this link to access the contact information for all Securities Regulators in Canada.

Please note that if “Yes” is indicated under the column “Exception”, trading will be permitted under certain specific conditions. Consult the order for more information on these conditions or, consult the jurisdiction which issued the CTO to see if these conditions apply to your situation.

If there are no exceptions applicable to your situation, you have two options:

1. Hold onto your shares in case the CTO is revoked; or
2.Consider claiming a capital loss on your income taxes.

We suggest you contact the Canada Revenue Agency for more information on this second option.