Post by
Dirt2Oil13 on Jun 21, 2020 9:53am
Wait and see
Explanation for new investors .None of us has all the answers and the conditions moving forward are not set in stone.I do believe they were allowed to finish a grow cycle.Question is if they still had mother plants alive much quicker to use clones or buy clones from another source to start veg cycle than seeds.Glad for employees and share holders they got one licence back and next hopefully in July.As to shares I wonder if sale has been waiting in wings and hindges on getting licences back?If they had gone bankrupt and folded people with stock in regular investors account could have sold them for 0 for me would be back to CIBC head office Toronto .You could then claim a capital loss on income tax and would get deduction for 50 % of loss amount.If you had shares in TFSA investors account you would have lost full amount and could not claim loss but if and when you had a gain in TFSA investors account it would be tax free.Have to wait and see if there is reverse split would not count it out sale or not.Sorry I know most of you already know these things was trying to help answer question new investors were thinking in a way they would understand.Shares do not vanish even if company went private new company would have to buy shares at fare value.Cheers.Dirt2Oil13
Comment by
jonstud on Jun 22, 2020 6:38am
And to add. Capital loses can you nly be used to offset capital gains. So if you just have a capital lose and claim it on your income taxes, nothing happens until you apply those loses to outset other capital gains