OTCPK:MAUXF - Post by User
Comment by
parapooperon Aug 05, 2012 5:32am
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Post# 20185757
RE: Tuesday last day to buy before divi paid.
RE: Tuesday last day to buy before divi paid. If significant shareholders wanted to do that they should have campaigned for buybacks.
Buying shares that are 70% higher because of the dividends with whatever is left of the dividends after 15% to 50% of taxation is a terrible deal compared to share buybacks. In my case share buybacks would have given me 3x the additional Mart-ownership compared to dividends.
And another thing - if they must pay such ridiculously high dividends then why don't they at least register in the Bermudas or so? Getting 15-30% of my dividends stolen by canadian tax authorities even though neither I nor Mart are even on the same continent as Canada is just beyond idiotic.