CGX Energy Inc V.OYL

Re Blackout

[taal]

Why would he have to pay taxes ...if a sale has not been triggered...I don't believe he would have to pay taxes on the difference between his excersise  price of .49 and the market value of the shares at the time he exercised...but only when he eventually  sells his shares...
Please correct me if I'm wrong

[SportyJ]

Taal, you are correct. Shill, already got it on your face and it's not egg. Lol

[Miftee9]

Sportyj - I think it is on your face.  I love it when people talk like they know something but they dont and then get called out on it. Income-Tax Implications of Exercising an Employee Stock Option: Employee Benefit under Subsection 7(1) of the Income Tax Act No tax consequences arise when the employee receives the option; they arise when the employee exercises the option—i.e., when the

[waitingstill]

Lol. That is what i call "busted". So sporty really is shorty. Crafty bugger. That's for sure.

[SportyJ]

Miftee, follow the conversation.  Taal thought no taxes, I thought no taxes. If Kevin has to pay taxes, thanks for the clarification. Most here don't care about the tax ramifications for Kevin. What they do care about is did he exercise and sell or hold?  We'll find out soon enough. 

[waitingstill]

Nice backtrack shorty. Your true colors are showing thru. I figure you are playing both sides here. Time for you to flip from short to long before you get burned. So long as all posters here know you motives for all your subtle innuendos. Go long again.

[Miftee9]

I did follow the conversation. Tal asked the question, you answered incorrectly and I corrected you. Seems about right. We're all friends here.