Replies to post #16625 on Hemi Energy Group Inc. (fka HMGP)

[Detail1]

I have my accounts (joint and 2 IRAs) with Smith Barney. I had no problem getting my cert for 425K in our joint account.

But the broker explained that getting certs for the IRA accounts would be a "disbursement" of funds that I would have to pay taxes on. That does make sense to me as I now have in my possossion the cert for our joint shares that I could sell/transfer at any time to anyone. So it may not be in anyones best interest to get certs for their IRAs if this is true.

I would appreciate if anyone has some clear guidance on how to do this and not incur a taxable event.

If today's price rise was indeed due to certs being requested, getting info that allows those of us who have IRA shares to be certed would, IMO, be a VERY good thing.

Thanks, D