Counsel Corporation CXSNF

RE:RE:Spinoff

[mjh9413]

Once the distrn is made of the 70%+ of shares owned by CXS will trade and probably down. I imagine the distribution will be tax free and an adjusted cost base on the CXS shares you hold offset by distn value of HGBL shares so loss/gain is calculated upon sale of either. JMHO. The other distns, well they are cash but are they capital or eligible dividends? Possibly former. That is why to me the qtly performance (as disappointing as it was) was less important than the sp action but only because of the prospect of improved earnings and sp performance ahead.