GREY:NEVDQ - Post by User
Comment by
patchhon Nov 12, 2021 2:22pm
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Post# 34120886
RE:HELP - ASSISTANCE NEEDED!
RE:HELP - ASSISTANCE NEEDED!
When we go to note 9 the only #'s are $5459 , 405, and 5054
thee are in the thousands.. that 5459 is actually 5,459,000 or million w rounding @ the thousandth..
5.0M was teh declared loss on the warrants - now taxed at a loss of 0.01Cad,,
there were initiall issued - for jan - based on the Canadian Treasury Zero Coupon Bonds..
for taxing they were treated as Long Call Options.. they added 405,000 to their books/gain - and then took a loss ON THE WARRANTS at 5,054,000..
they went bak and took the 35M shares that will not B exercised in Jan of 2022.. applied a 2.00 dollar exercise price per share - per 35M too B exercised..
they then took the 35M shares and underivatized these - added them into a loss for taxing loss of 75 Million including the 5 million or 70+5 going into EOY for 2021..
what they did.. they simply declared in the uniform consolidated.. You did not see the full return -r- u would hav seen the line by line and this column shifting.. and the 75 Million SwingN i the ballroom - full of Jinn !
next year in 2022 - they will take the 35M Stoks.. just like that car U depreciated/off the books.. and plug a key N and drive off w the 2021 wts shares BACK into their unallocated pool @ NCI..
otw this is not a 1099 deduction.. here w cars, in the US U can sorta play like this w the IRS.. usually its 5 years. but w a good CPA he will book the auto at a loss - and simply expense the ENTIRE COST of the Auto/New.. that US CAr 2K deduction now just became a full 20K$ write off