OTCPK:MEAOD - Post by User
Post by
4funon Jan 11, 2010 10:19pm
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Post# 16666744
Adjusted cost
Adjusted costNiceguy you are right when it comes time to sell your cost base is zero but the out of pocket for a Quecber is 16.5 cents. The calculation was in the link I provided. Each Province has a different tax rate and Quecbec ALSO provides a 15% tax credit! Once they sell the breakeven would be around 23 cents. That is why I said they could sell at just about any price and make money. In addition they also receive a half warrant for each unit purchased.