GGY 2.41% 8.1¢ glengarry resources limited

director buys more shares, page-10

  1. 24,386 Posts.
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    hard man,

    For some people that $50k is a lot of money but, for some others it is not. Especially if it would means, keeping themselves in a job, and also when it could be, depending on the circumstances, used as a Tax deduction.

    IMHO, it is my understanding that, if for instance I put $20k in my super fund, I can use that payment made into my super as a tax deduction against my taxable income, thus reducing the tax amount/liability that I would have to pay.
    My super fund can then buy the shares and keep them there, until I decide what to do with them down the track.

    DYOR here, and I can stand correcting if anyone think that I am wrong, but I am confident of what I have written.

    On another issue, if I was certain that if I bought that amount of shares and could stop the sale of the Greenvale project to proceed, I would have no hesitation to buy that many and even more shares, but it takes a concerted effort to do so.

    On the other hand, let's hope that what Goldbrick is saying will come true.
    I can assure you, that I would be the first one to sign on the dotted line because, I have had enough of this incompetent, misleading, and full of hot air management, who has done nothing else, but to keep, and threat us all like mushrooms!!!

    Food for thoughts, my friends.

    Buddy
 
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