GREY:CVHIF - Post by User
Comment by
lscfaon Apr 09, 2021 1:30pm
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Post# 32967547
RE:RE:RE:Can we sell those Ventura shares at all?
RE:RE:RE:Can we sell those Ventura shares at all? Make up your fcuking mind. You say it is doubtful holders of CVHIF shares can unload their shares in the market but then say it is dumb to hold onto them for a 3rd distribution.
davgro wrote: Apples vs oranges. I could give you many more examples where CTO delisted stocks became worthless and investors ended up donating them to their broker at zero dollars to crystalize their capital loss.
Interest has dried up on the OTC in purchasing CVHIF shares. Lucky if you can unload 100K+ for more than USD $ 0.02. I am thrilled that I was able to unload all my shares of CVHIF at an average of USD $ 0.05. Not sure why you are giving other VCAN investors false hope other than the fact that you didn't have the foresight to sell yours when there was actually a market for them. Only time will tell and I am confident in the decision that I and other astute VCAN investors made in selling CVHIF back in February.
lscfa wrote: Real world example of holding onto cease traded delisted shares...
Specialty Foods Group Income Trust (ham.un)
Dec 18/03 - buy 1,000 units $6,620
May 13/04 - buy 800 units $4,029
Apr 09/07 - buy 52,000 units $3,529.99
Total cost = $14,178.99 (in RRSP)
Stock was delisted, forgot about it, reorg in courts for years
Mar 8/17 - distribution paid out $47,713.98
Jan 29/20 - distribution paid out $93,612.00
Compound annual average return of 17.6% for 16 years!
Londondriveguy wrote: If not, why do they keep them listed in our accounts?