PINL:GRPOF - Post by User
Comment by
Buster146on Sep 01, 2018 5:22pm
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Post# 28553294
RE:RE:Tbp rewards shareholders
RE:RE:Tbp rewards shareholders Why are you adj the tetra share? If I have say 1000 shares of tetra on sept 6 I will still have 1000 shares as long as I don’t sell and the value will be times sp that day close. I will have 1000 times .1012 shares of NB as well in my account approx 101 shares times sp/market value which will obviously be a gift I never had before in my account.
GoTogether wrote: ... Carpenter58.
In this context I tend to disagree with your formulation of "reward" or "gift".
Strictly speaking, the dividend cannot really be called an earning, because it's money out of our own pockets.
Assume the TBP.V share price is CAD 1.10 on September 5 at the market close.
The dividend CAD 0.11 (0.1012 North Bud for every 1 Tetra Share) will be subtracted from the TBP share price on September 6 at the market open > 1.10 - 0.11 = CAD 0.99
Well, and to be precise, it's only a gift if North Bud shares are priced above the 15 cent mark.
CAD 0.11(dividend) x 1 / 0.75 (Tax) = around CAD 0.15
So, if North Bud shares are priced well above 15 cent longer-term, only then one could speak of a reward or gift, which is totally not out of the question. As we all know, gains are possible in this sector.
EOM.