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bobbybdb

04/24/09 11:49 AM

#21083 RE: Darth Trader #21081

AW. As you said "we are recipients" of the payment for the sale, so please explain why HGLC has the tax burden, also if payment is in shares, there is no tax due until those shares are sold by whoever received them as payment.

guess I just don't understand why you have a complaint to IRS without seeing any contracts and or company P&L statements, normally the purchasing company of assets issues shares directly to the selling companies shareholders, IRS would not be involved.