Cantex Mine Development Corp V.CD

Rbc 2 dumping

[Waivergod]

Why baby

[pennymaker69]

I have no issues with it... a lower share price is more shares for me in Jan.

[MassiveisKing]

What's happening in January exactly? 

[coolshivers]

TSFA space. ugh... we need more thinking around here.

[pennymaker69]

I don't like paying taxes. My RSP is already full of dividend stocks.

[Emili0]

So here's the game plan, you take $16,900 in your TFSA and you buy 130,000 shares of Cantex and then wait till we get a buyout. Let's say $10/share. So now you have a million dollars tax free in your TFSA which you then throw in a GIC in your TFSA which gives you a return of 5% or $50,000 every year...TAX FREE for the rest of your life. And that's just from an initial investment of $16

[pennymaker69]

Well the limit for TFSA is 7k so I can't do that. But it's ok I do have plenty of shares...

[Emili0]

The math was a bit off. It would only take $13,000 to buy 100,000 shares at .13/share. If we got bought out at $10/share then you would have a million dollars tax free. But even better.