RE:RE:Copperstate Transfer to LHSWhen the profit is realized, the taxable event, will depend on various factors. Remember that the financials for Q1 recognized $22,188,322 profit on this investment, see note 15. Firstly a deal has to be negotiated and closed. Since the TMX cloud hanging over APH's SP can be lifted through closure of the deal I assume that APH will want to close quickly rather than agree the terms and defer closure although with less than 4 weeks to the end of Q2 closing in Q2, rather than Q3, probably makes little difference to the lifting of the cloud which should result in a reduction in risk and therefore appeal to a broader base of investors.
Another important factor playing into the timing of closure of a deal with LHS will be the awarding or not of the Ohio licence which will impact the LHS share price. To avoid criticism LHS directors will probaly be advised to wait until the announcement is made. So in answer to your question, I assume most of the gain has been booked already, so they will close asap, realizing any additional gain, but after the Ohio announcement. Interesting times and a great 3-5 year ride.
Mike I'll post on LHS as well.
GLTA