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Nano One Materials Corp T.NANO

Alternate Symbol(s):  NNOMF

Nano One Materials Corp. is a clean technology company with a patented, scalable and low-carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. It specializes in the production of low-cost, high-performance cathode active materials for lithium-ion batteries. Its technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. Its patented One-Pot process is engineered to make cathode materials directly from non-sulfate forms of battery metals. Its Metal to Cathode Active Material (M2CAM) Technology enables sulfate-free metal powder inputs which eliminates 100% of wasteful sodium sulfate by-products while simplifying manufacturing. The One-Pot process simplifies production and enables its M2CAM technology. Its simplified One-Pot process enables cathodes to form simultaneously with their protective coating at the nano level.


TSX:NANO - Post by User

Post by Lawisfunon Jun 26, 2024 12:17pm
87 Views
Post# 36107177

@ascendantwingspan theory cannot be true. Capital Gains Tax

@ascendantwingspan theory cannot be true. Capital Gains Tax@ascendantwingspan theory presented here:  https://ceo.ca/nano?419c970bca92

Good idea but this theory cannot be true.

Here is the problem with this theory:

"The Canada Revenue Agency’s position is that a capital gain is considered realized on the settlement date, not trade date

On May 27, 2024, Canada adopted a T+1 settlement, meaning that trades on exchanges for stocks, mutual funds, exchange traded funds (ETFs), and bonds now settle within one business day.

This means that a trade on Monday, June 24, 2024, will settle on Tuesday, June 25, 2024, and be subject to the 2/3 inclusion rate. 

In order to have a settlement occur on the deadline of June 24, and therefore benefit from the current 1/2 inclusion rate for the capital gain, the deadline to make a trade would be this Friday, June 21, 2024, before the applicable exchange closes for the day.

Sorry @ascendantwingspan.   Good idea but this doesn not explain the selloff of Nano One stock all this week.
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