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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX)
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To: reg who wrote (544)11/9/1998 1:38:00 PM
From: Bob Fairchild   of 580
 
Reg, their is no risk. I transferred 20,000 shares of Innomat into the RESP at a cost of $0.00 The transfer of the other securities was for the same value. I get the same capital loss whether I disposed of the shares or transferred them. If these shares are ever worth anything the gain will be sheltered inside the RESP. I still make the $2,000 contribution per child but put it in undervalued cyclical large cap equities. I the first week the account is up more than my 4 1/2 year return from Altamira and I'm still getting the $400 cheque from the Gov't at the end of the year. To use a worn out phrase, it's a WIN - WIN situation. I would never buy junk for the RESP. In this case it's free !
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