RE:RE:1000 2 penny shares Maxmoe wrote: Well we know you don't understand. I lost count how many times you could have easily sold a million shares. Everyone else understands that a buyer of a million shares of anything, even nvidia, NEVER just loads it up on the platform for all to see. Same goes for a seller. The street term is "iceberg order". We all know this. Except you.
And yes I KNOW this to be 100% fact because I had one earlier this month and I even "showed" 1000000 on the bid to get some attention. But I gave my head a shake, pulled that order, and plunked the cash into a junior mining name instead. But the beauty of the tax receipt idea which I mentioned a very long time ago when you were complaining you couldn't sell and it was going to zero anyway, the beauty is it doesn't matter how many shares trade. You get to claim the deduction for whatever price the last board lot (500 for penny stocks) traded at or that day's closing price. It doesn't matter what the charity ultimately gets for the stock ---- if anything ------ to your tax receipt. So if you'd listened to me when it was 10 cents and you screeched about it only traded 50,000 shares that day, or whatever, you could have done it. Got a tax deduction of 10000000 x .1 = $1,000,000 PLUS your tax loss for the sale of 10000000 shares from your acb of 21 cents down to 10 cents. Another deduction on cap gains of $1.1 million. But NOOOO. You'd rather hold to zero. Okay. Good luck.