RE:PALI VS NFG AS AN INVESTMENT AS WELL AS THE FUTURE FOR BOTH" AS Collin Kettell pointed out to me in an email, PALI could realize this price if NFG is sold but PALI would be subject to corporate taxes on the sale "
If CK told you this, he really is without a clue about PALI of which he is the majority shareholder .
PALI has investments losses of nearly $200 million , mostly from their investment losses in NFG.
That should negate and protect any investment gains from Income tax..
In any event , your calculation of income tax is way out to lunch ...