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Bullboard - Stock Discussion Forum SAXON OIL COMPANY LTD SXNOF

GREY:SXNOF - Post Discussion

SAXON OIL COMPANY LTD > Countdown-9 more days to Payoff,then a write off for 2014!
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Post by btds on Apr 06, 2014 6:06pm

Countdown-9 more days to Payoff,then a write off for 2014!

eom...
Comment by Stormwind on Apr 08, 2014 6:31am
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Comment by btds on Apr 08, 2014 2:04pm
The press release says "final distribution". I don't see dividend so the funds are simply a payoff to shareholders from the original buy-out by the acquiring firm.  there were no profits ever so there can be no dividend just a small return(negative) on your investment..... My opinion.....
Comment by Stormwind on Apr 09, 2014 5:04am
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Comment by btds on Apr 09, 2014 1:03pm
This should be considered 'return-of-capital' but if it is a dividend you still will have a capital loss on your investment which can de used as a tax loss at the end of 2014. Saxon is out of business so our investment will, after dividend, will be worthless. GLTU
Comment by Stormwind on Apr 10, 2014 12:34pm
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Comment by Stormwind on Apr 22, 2014 7:10am
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