tax will sort itself out at the end of the year when trading shares (buy and sell within the Fin Year). A lot of people on HC are trading and know how it works.
Shares that I hold for 1 year plus is subject to capital gains tax, and yes I know about selling and buying back immediately, which is illegal, and requires at least a month interval before re-investing (and then it becomes legal).
On another now: The downramping here from holders is ok, as they are being Devil's Advocate, however a bit over-done sometimes. They feel they are not being kept in the dark, but it all comes to light eventually
Look at it this way… if the coy announces to the market (immediatel)y that there will be no shipment in the next month, will this stop the share price from falling?. No, of course not!.... the share price will be at the same level as it is today, if AT makes an announcement or not. Proof: the share price was unchanged at the end of trade yesterday (after the announcement the night before). The only difference is with an announcement the sp will fall sooner.
But what holders on here are saying is: we want to know anyway, because we are entitled to full disclosure. But why have full disclosure? So that you can sell your holding on the announcement?? and become day-traders instead of long-term holders? Sounds like most on here are long-term holders and wont be selling anyway, full-disclosure or not. So what's the point?
GXY Price at posting:
$1.23 Sentiment: None Disclosure: Not Held
