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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.56

+0.3%

Nov 28 9:30 AM EST

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To: Bearcatbob who wrote (2503)	8/14/1998 10:58:00 AM
From: Dave R. Webb	Read Replies (1) of 4066

I'm no expert on this, but if a transaction in an identical asset occurs within 30 days, then the gain or loss may not be allowed. We also have a General Antiavoidance Rule, that says if a transaction is completed primarily to avoid taxes, then Rev Can may reverse its effect. This is a scary rule that could form the basis of an attack on any transaction that is not tax-neutral. You may see, however, Director Tom selling personal shares to a 100% owned, or even 50% owned company (say Tom Consulting Inc.), in which case Director Tom's insiders report would still show control of the shares (BCSC rules), but for tax purposes, Director Tom has disposed of them. I hope this explains some of the shuffling we've been seeing in some of the battered junior resource sector. It could be viewed as restructuring and preparation for a move up in the shares. Dave

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