[edited 3.] @TG - SFUN
Interesting point. As you know, I'm from germany, where we
have other tax systems. I had such an environment a while
ago - I can't remember which stock this was. I handled it
tax wise.
- Bought the takeover corp. for e.g. 10.000
- got after the deal new shares + money
- lets assume I instantly sold the new shares for 7000 and
got 4000 extra cash
=> Bought for 10.000 and sold for 11.000 => I paid taxes on
that 1.000 gain. The tax rate depends on your personal
tax rate here in germany, could be as high as near 50% for
these short term moves, but a gain is a gain. I will do it
the same way here. When I get the SPSN shares, I will sell
it (which I expect others will do as well -> pressure, but I
will leave my existing SPSN shares of course in house) and
book the overall gain (hopefully ;) ) for the state taxes.
For me, I have some extra risk => EUR/USD crossrate, but
I can live with that.
edit:
This anticipation could also be the reason, why SPSN is so
weak. Just look, some 30Mio. SFUN shares will be converted in
over 20Mio. new SPSN shares. I assume, that some people will
hold these "new" SPSN shares, but some will (as I will do)
these extra shares. If 1-2Mio. new SPSN has to be sold, this
will do pressure for a while of course -> probably the best
opportunity if you want to have SPSN shares or via SFUN now.
edit2:
interesting, that Deutsche Bank now holds 9% of SFUN.
ccbn.10kwizard.com
edit3:
BTW: incredible low volume in SFUN -> seems like all important
actions are done.
BUGGI |
