cost basis
boy oh boy is it a mess....does anyone know what the cost basis of RVX and ZEN is?
from the spin out, looks like the shares left behind are all out of whack... i havent looked too closely - until now-
the zen capital corp vs zen capital corporation also seems to be throwing a monkey wrench into it. i just spent about 30m on the phone w/ broker, still not sure i fully understand but as per usual, my understanding isnt important! what is, is that the brokerage says everything is fine....
cost basis was explained as: post split = 1% rvx and 99% zen? so they took my shares, total price, allocated 1% of it to RVXCF and divided by total number of shares, giving me a new cost basis for RVXCF. looks like i was a mad genius and paid .02 to .04 cents per share back in 2010 and 2013. They took 99% of total price, divided by same shares and came up with some crazy #'s. the same lots of zen show up w/ a cost basis of $24 to 34$. im scratching my head cause i think these were bought in the $2/$3/$4 range...
also showing zhclf is trading. they think its correct, but i tried to explain the zen cap corp vs zen capital corporation but i dont think thats working. they think it's an epigenetics company in name so it must be right?!?! there are no assurances that i can get shares of this now, and eventually when someone figures the spaghetti out - will i still have all these shares in actual zen epigenetics?!? i guess the good news is i'm apparently so far under water based on their calculations, i'll lose money unless we sell zen for more than 34$/share. i'll have to play with the numbers and see who's who is da zoo...the zen FAQ doesn't help in this case i dont think. i asked if i bought a whole bunch of shares of ZHCLF now, when this gets untangled, will i still have shares in zen epi, or would it get unwound? the answer was there are no assurances. i'm not willing to lock up more money for YEARS more, but i wonder what would happen - buy this zhclf for 4 pennies when they're doing PP's for 1.50?
conversely, apparently i'm sitting on some very large paper gains since i bought this in 2010 and 2013 at MY TWO CENTS!!
is nothing easy w/ this company?!?!?! / companies??
the good news (MORE good news GENERAL?!) is that this isn't an issue until i sell. the bad news is that we're still held ZEN hostage since its not trading! kick the can down the road DM style and deal w/ it later, at sale/tax time... hey, that's an excuse, maybe DM is better off never listing ZEN so he doesnt cause us all this book keeping headache!! or dont make a RVX deal so u dont give us a large tax bill, or push the deal into the new year so ppl can put more into ur RRSP...
GET. IT. DONE.