Even though her shares are in an IRA, the reason for initially wanting to elect stock was NOT a tax consideration. Tax considerations should NEVER be the primary concern when making these types of decisions.
She has fewer shares than I do, and THIS was the reason for using her shares instead of mine. We were thinking about doing some cash and some stock, and the best way to accomplish this was through her shares (2,500), instead of my 15,000 share.
That way, fewer shares would be locked up. Mine would remain freely tradeable.
But, after reading other recent posts, the big guys are NOT submitting their forms, they simply want CASH. In the end, I would be tickled pink with all cash, and let others worry about locking up their shares to possibly take stock in the new company.
Ultimately, neither of us will be returning the DIMEQ forms to our brokers.
If we get bumped up to Class 12, it will be all CASH for the 2 of us, and we will be quite happy with that.
I am guesstimating a payment of $2.75 to $3.00 per DIMEQ IF we get placed into the correct Class; otherwise, Class 21 gets us ZERO.
My money is on Arthur Steinberg (as I previously mentioned).
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