OTCQX:GTBAF - Post by User
Comment by
eatmorefiber2on Apr 29, 2020 1:02pm
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Post# 30967046
RE:Don't give me the spin-off
RE:Don't give me the spin-offMarineJumper wrote: Blew out my GBR position at 9.25 with no misgivings because I don't want spin-off shares that don't trade. Been there , done that for better or worse. Buying back newco May 5 as I believe this is a set up for clean buy-out down the road. Just my opinion. Great play
So you plan to pay 15% capital gains taxes (in US - I assume whatever jurisdiction in which you reside will also have a tax on associated capital gains), and hope to get back in at a price that offsets the tax penalty? At 15%, and assuming you have a cost basis of $0, you will need Great Bear to drop to $7.86 just to break even. I'm curious what you have planned to offset this scenario.