I'm not wasting my time with you any longer tiger, champ, kid, king, boss.
I never said it was a new rule. Do you have 3 million cash in the bank ready to pay capital gains tax? Doubt it
So option A) Sell on market right before the cap raise and cash in at say 26-28c. THAT would send the wrong message and would appear to be "cashing in on the SP"
B) Decrease your holding during a cap raise at a discounted rate because YOU HAVE TO.
He could have sold on market last week and got an extra 25% return, but did he?
Im not sure if there is an option C) that you know about? How else do you free up $3 million cash in a more "investor friendly way" other than selling at a discounted rate during a raise?
There is no logic behind what you're trying to say, how should he have done it that would have kept you happy?
I look forward to you changing the subject again and I will no longer respond.
Have a good one.
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