RE:cost basisI have pointed out the valuation FAQ for Zenith Capital Corp. Or as I think of the spin out from RVX in 2103, as ZCC or my broker assigns a non existent symbol of ZENE for reporting on my account. My broker has not been derailed by the ZHCLF screwup.
Complicating the situation ZCC has set up a 100% owned subsidiary ZEL or Zenith Epigenetics Limited. It was/is my opinion that the setup of ZEL was to allow ZCC to set up ZEL for sale to a new partner interested in ZEL and for tax efficiency to allow ZCC to, prior to a sale of ZEL, do another action like the the 2013 deal by which we all got ZCC shares tax efficiently. without any immediate tax consequences.
I believe the intent was to distribute shares of ZEL effectively tax free on the split of ZCC shares in our hands to shares of ZCC and ZEL. This would leave us in a position to take a large capital gain on the 3rd party sale of ZEL to a purchaser.
i aso believe that the ZHCLF issue is just a general screwup by brokers which has no effect on our shareholdings and I have no idea what it is.