RE:RE:RE:RE:RE:RE:RE:RE:RE:How did people’s Canadian holding convert?
Coloradobuff wrote: Why wouldn't ones cost basis just be the new shares by your previous total cost. My share price went up to luckily in my rsp, sold my cost for a gain so the rest of my shares are free money
by doing so it erases the 0.8381 share conversion. And the SP means fuuck all in the grand scheme of things in this after effect context. The disclaimer was that if post conversion, ppl would either have a gain or loss incurred, but if u held in cash account you report a gain or loss.
what folks are complaining about is the loss if their opportunity cost to sell more for a higher gain, which essentially is the result of the conversion. This is borderline fraudelent especially if you voted NO, because there wasnt any exit provision provided.