Cline Mining Corporation T.CMK

now what?

[mjm101]

Aside from no longer being on the tsx for trading I dont really know what happens to tha shares that I own once it is delisted.  If the company does not go bankrupt what happens with the shares?  What happens for income tax purposes?  Once delisted does the investment (or what was once an investment) become a loss automatically.  Do I have to try to sell what I have (I'm assuming no one will buy)?

[ark88]

mjm101; you should really consult your accountant about all the questions you raise. I can offer you my opinion. Once Cline is delisted from the TSX, you will still have shares in the company.   If the company goes bankrupt, it will depend on how the liquidation goes and what assets if any remain after. Generally, the shares will be worthless. Unless, say they miraculously get a buyout of

[TimeBuilder]

Well stated..ark88...we were lucky to dump all our holdings that were in a taxable accounts and will claim a capital loss for 2013. Regards, TimeBuilder