OTCPK:MAUXF - Post by User
Post by
billythekiddon Jul 25, 2012 5:38pm
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Post# 20152396
Buying More Mart shares !
Buying More Mart shares ! It would be nice if the share price stays at its current value or lower until August 8th...If i am figuring right i will have .85 cents of every dollar made from the dividend payment to invest.. Mart is a Canadian Corporation so it will qualify as a Eligible Dividend for a Canada resident...this will result in the net tax on dividend money being about 15 % which will leave 85 % to buy More shares....plus the new shares will qualify for the September Dividend resulting in a 5 cent discount to the market..Cheers Billy........ P.S. I just realized i could buy the shares on August 3rd with 3 business days to settle it would be August 8th the same day as Dividend Payment...TOTALLY AWESOME DUDE !