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Gold/Mining/Energy : Sasamat Capital Corp (Formerly Bresea Resources)
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To: laker2000 who wrote (20)2/25/2006 7:31:37 AM
From: Bob Fairchild  Read Replies (1) of 96
 
Yes, I'm from Canada. I get frustrated from time to time with the RRSP rules also. Had a company in the portfolio that was trading on the TSE and considered as Canadian content. The company was taken over by the American parent and could only trade on the NASDAQ. I was out of town for several months and failed to follow the change in events. By the time I found out I realized that the US content of my RRSP was above 30% and I was forced to pay a penalty for each month it was over the accepted limit. The penalty was more than the shares were worth. You get the idea. These settlement shares are fortunately outside of my RRSP and will be deposited into my kids RESP incase they ever become worth much.

Bob
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