Nano One Materials Corp T.NANO

@ascendantwingspan theory cannot be true. Capital Gains Tax

[Lawisfun]

@ascendantwingspan theory presented here:  https://ceo.ca/nano?419c970bca92

Good idea but this theory cannot be true.

Here is the problem with this theory:

"The Canada Revenue Agency’s position is that a capital gain is considered realized on the settlement date, not trade date. 

On May 27, 2024, Canada adopted a T+1 settlement, meaning that trades on exchanges for stocks, mutual funds, exchange traded funds (ETFs), and bonds now settle within one business day.

This means that a trade on Monday, June 24, 2024, will settle on Tuesday, June 25, 2024, and be subject to the 2/3 inclusion rate. 

In order to have a settlement occur on the deadline of June 24, and therefore benefit from the current 1/2 inclusion rate for the capital gain, the deadline to make a trade would be this Friday, June 21, 2024, before the applicable exchange closes for the day.

Sorry @ascendantwingspan.   Good idea but this doesn not explain the selloff of Nano One stock all this week.

[Lawisfun]

There might in fact be a good explanation that addresses this capital gains deadline and still allows @ascendantwingspan's theory to remain plausible.  Those with access to CEO.ca can enquire.