RE:SpinCo/TgodI have been in TGOD since the original 50 cent financing when the public was gratutiously invited to participate in private placements. THIS IS EXACTLY THE SAME SAME METHOD.The plan is exactly identical with multiple rounds. I am thinking that SPINCO will have a public IPO in say one years time...
Regardless as to whether you will participate or not, I have been informing my friends that this is an issue that they want to participate in. If you look at the original 50 cent round (max 20K shares or $10K investment). Your $10K has now been worth in excess of $200,000 since Nov 2016. What a wild ride! Got it now??
The rules as to what you can place into a registered account are determined by the Government/CRA. There is nothing that the company can change ... I felt exactly as you were 2 years ago however you have to take solice in that you will pay tax at half rates; capital gains have an inclusion rate of only 50%. In the past several budgets, it has been rumored that the Government wants to increase this to 75% so take comfort in the fact that it is likely that rates will only increase in the future to pay off the public debt and you are getting a fire sale at half price income taxes! Not a bad deal, me thinks.
I have also written the company in respect of this same issue but with a different twise. If you currently hold your TGOD shares in a registered account, then the warrant would be ineligible as SPINCO is a private company. I know that the simplest answer would be to take the shares out as a withdrawal and then recontribute on Jan 1 when you have the new contribution limits however maybe there are other solutions...