Please help me understand where I stand with my investment, formerly entirely with REGRF:
It appears I still have all 6700 shares of REGRF, though they are not actively trading and have almost no current market value. Efforts are being made to clarify financial statements so the stock charter can be marketed as a "clean shell."
REGRF has distributed to me 7370 shares of RGUS, most recently trading at 12-15 cents. RGUS now has all former assets and liabilities of REGRF.
It is up to me and/or tax advisor to determine whether: the new shares of RGUS have a $0 cost basis, and long-term gain or loss on REGFRF will depend on whether a successful buyer can be found for the shell; OR my price paid for REGRF can be attributed to the new shares of RGUS, and any subsequent gains on REGRF (re-purposed) would be calculated from a zero cost basis. (One of these scenarious may be unambiguously correct, but I am assuming it is a matter of interpretation.)
Please correct any errors in my assumptions outlined above. THANKD!
I do hope for a successful long-term outcome after having been invested for around 30 years!!
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