Replies to post #7790 on Cemtrex Inc (CETX)

[stockmasterflash]

I can't wait

to see the SEC comment uploads. The SEC likely asking the obvious question.... Why would a KTCC shareholder participate in this exchange, when they could get twice as much value by selling KTCC shares on the open market and buying CETX stock on the open market even after taking into account the taxable nature of the transaction"

BTW, a stock for stock transaction is a NON taxable event. A CETX debenture exchanged for KTCC stock is FULLY TAXABLE for the KTCC shareholder. The KTCC shareholder having to pay $2 of capital gains tax immediately in return for a CETX promise to pay them $10 someday

ROTFL, yeah sounds like a BRILLIANT plan Saagar

KTCC shareholders and the SEC aren't as stupid as you seem to think they are