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midas716

07/27/07 9:41 PM

#82800 RE: stockasaurus rex #82793

First off as I just posted you do not have to pay taxes on a loan. Secondly the PDR's have not been sold. They are loaning you money against your assets as I understand it. It's called a secured loan. Thirdly until you sell those PDR's you have not created any capital gains and you will owe nothing until you sell them.