News Focus
News Focus
icon url

k9narc

05/18/10 9:56 PM

#3241 RE: sts66 #3240

sts.......................I have no doubts as to where this is heading. I'd like 5 bucks a share although I doubt I'll hold all my shares till then.

I started buying this cheap last August as a "lotto" play and must admit, I got lucky.

I sold 100,000 in the high 20's as it was going up to recover my initial investment and now I sit now with 400k at an average of .0692 (Canadian)

As it is a "penny" stock, I can't hold it in my RRSP's (401k).

When I sell, I will take a 42% hit on my gains.

If it goes to 5 bucks, I will happily donate to taxes.

I wish I could have bought this in my RRSP's. I'd have bought a few million shares.







icon url

geodan

05/19/10 10:39 AM

#3244 RE: sts66 #3240

STS, you missed a zero.

Cheers
icon url

geodan

05/19/10 11:32 PM

#3268 RE: sts66 #3240

Taxes, only if you do it two years in a row IMHO.

If you report a lot at the end of the they say that a no no, but just warn you. Would not try it two years in a row.

If you pay, then who knows you need the money by the end of the year. Who knows if you will have a profit at end of year?, besides God.

Cheers