OTCQB:VVCIF - Post by User
Post by
Paranoideon Sep 26, 2019 12:37pm
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Post# 30167130
I have corporate friends...Here is what they are doing NOW
I have corporate friends...Here is what they are doing NOWThey are selling ALL their shares of all their canabis stocks at MAJOR loss by end of September (cut off date) ....JUST to save A LOT of money on taxes. Then they told me they repurchase everything back but not the exact same titles in October. In otherwords, one is selling all his TGOD and will load up on Vivo, Cura etc... stocks that he has never own because you do not have the right to re-purchase the same stock for 30 or 60 days to apply captial loss on taxes...to be able to claim you capital loss against your future capital gains.
Anyone else hearing this?
This could be a huge part of why the motivation of selling, shorts strengh and why the BIG NEWS is not coming before October or right on the last days of Septemeber ... Because company owners of these canabis companies are also corporate shareholders accounts setups...
Thoughts?