RE:RE:RE:Gypsy Swap
You can sell stock and buy back same day or one a Private Placement any time you want. The 30 day rule in both Canada and the USA applies only if you want to take a tax loss on the sale. If you don't care about that then you just sell and buy the PP and don't declare the tax loss. Its synthetic. It just goes back into your ACB.
However that being said you can sell from say your account, take the tax loss and the buy the PP in a sheltered account such as a RRSP or 401K , or your wifes account and get the best of both worlds....the tax loss and the cheaper stock on the PP as well as the free warrants. Thats the no -brainer trade in this situtation.
I shoudl add the disclaimer to please consult your broker regarding this tax advice as opposed to relying on the knowledge of this post or any other when making these type of transactions.