Replies to post #8361 on Interups Inc (ITUP)

[snow]

Dear Laxmi,

I am uncertain when it comes to interpreting the following statement: "Later on ...each of these verticals will either go for a SPAC or get into direct listing...but we will not be shifting into shares given the advantages over valuations that tokens will have over the next 2 decades... " Does this mean that even if the verticals go for a SPAC or are directly listed the entities we have bought for 1 cent each continue to be tokens and will not become listed shares? If that is the case you have thereby answered my previous question. From a taxation point of view that would seem to be hugely beneficial for me, since the tax rate for digital tokens is just a little more than 50% the tax rate that applies regrding shares/stocks.