RE:RE:"In earnest"The same talk about a lawsuit.All nonsense expressed by one bitter retail shareholder.Although everyone lost money that held SPB long term,a lawsuit can only be successful when fraud was committed.There was no fraud.
So- called misrepresentation in regards to past company news ,or,are shall I say,misguided interpretation of said news does not constitute a lawsuit.Too many internal variables allow a company to change its strategy without being fraudulent. The fact is that cutting the dividend as much as they did caught everyone by surprise indeed.The resulting collapse in shareprice also contributed in posters spouting all sorts of " sour grapes" nonsense.Its understandable with these billboards but that the stock market.If you panicked and sold,too bad.That was your choice.Unless you have a capital gain to offset the loss,the $ is gone...some would say it's gone either way.
If the $ is lost in an RRSP or TFSA then there is no chance of a tax loss claim.
For those holding SPB ,like me,it'll be a long wait for recovery.And should it not work out to my (our) favour's,there's always next year to sell for a tax loss if need be.
Tax losses can be carried forward in Canada .