MECHANICAL TECHNOLOGY (MKTY) Message Board

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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY)

MKTY 12.23

+4.4%

Nov 1 5:00 PM EST

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To: Sr K who wrote (500)	1/11/2000 7:56:00 AM
From: Fisherman1	Read Replies (1) of 542

I believe but am NOT a tax advisor or maven that when a company spins off or dividends out a sub which it has invested in it IS THE SAME AS A STOCK DIVIDEND and until sold has no tax effect but is part of the basis of the purchase. Most companies apply for a ruling at the time of the stock spin / dividend.

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