tax loss selling, page-16

dagrub

I and others worked for Hudson Conway a few years ago,
and we were approached to buy shares in a Co called
Ariadne, my first thoughts were, they are only 9cents
and stated this, but was told dont worry about that
you will recieve 18cents for them, he needs a tax
loss, the person I am talking about was VERY RICH
I stated to the person i was directly working under
this person does not know me,He- your shares will be
pooled and you will recieve 18cents p/s
I did not trust them ,what a idiot I am, they got
the said money and he claimed his Tax loss, and that
Loss was quite substantial, A speculative stock and
he was also Audited

was approached by a person that was in his finance
Dept also a few other people working for that Co.