Laurion Mineral Exploration Inc. V.LME

selling scenarios

[GoldBelt]

I'm wondering if  we have any tax/financia/accounting professionals on this forum that might provide insight on why he would be selling with from his personal account given the hypothetical scenario that a deal is STILL iin the works?
Could he sell from personal account and buy back from another sheltered account ...basically transferring for tax savings or any other reason?
Why sell for his personal holdings vs his numbered company holdings?

[gfdgdfgd]

Hi, I am self employed person, the only thing I can guess is due a large personal debt (tax bill, mortages, lawsuit, etc.). I don't know how much he has sold and the value of it but typically, I keep my personal income quite low to avoid high personal taxes.  If he were to sell from his business account, I think and I am not sure since I am not a CPA, if you were to sell a capital

[gfdgdfgd]

I'll call my CPA and see what he thinks. 

[gfdgdfgd]

I forgot that capital gains are taxed at 50% personally, only exception I'm aware of is primary residence, so the first part doesn't apply.