Replies to post #66894 on Tautachrome Inc (TTCM)

[Chronic The Hemp Hog]

Ok but is this a possible scenario?

Lets say for simplicity that I own a million shares of TTCM. This means I will get 1,000,000 KLK tokens issued to me. If the initial value is 30 cents for a KLK and I get a 1099-DIV for 1,000,000 * $.30 = $300,000. That's what the tax man sees. If there is no demand for the tokens and the price drops you may not be able to sell your KLK tokens to cover your taxes!!