OTCPK:STOSF - Post by User
Comment by
nijinsky70on Dec 04, 2012 8:47am
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Post# 20679047
RE: RE: RE: RE: RE: RE: Anyone talk to management.
RE: RE: RE: RE: RE: RE: Anyone talk to management. "PRY shareholders are simply selling PRY and buying STO to lock in a loss without exposure to share price appreciation in the 30 day "no own" window."
terroir:
Are you sure that's OK with CRA? I looked long and hard about do that. I even consulted a CA friend of mine and read the CRA rule in some detail on creating artificial capital losses. That seems to be a no no. With the announced combination, PRY and STO are deemed to be the same security. This may not fly with an tax audit.
Are you sure this is OK? That's why I haven't sold my PRY yet for tax losses and buy STO via the back door.