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Microcap & Penny Stocks : INCE - Intercell info???
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To: Jeffrey Beckman who wrote (2380)11/10/1997 12:29:00 PM
From: Lee Bush  Read Replies (2) of 3358
 
Jeff:
Your broker will buy the junk shares of DROM, etc. in order for you to take your tax loss on these. At least most brokers extend that service to you. The conversion of EDVC assets to INCE means that you do not have a tax problem with EDVC until you sell INCE stock. At that point, your basis for INCE stock that you sell is the price you paid for EDVC stock (or MOID if you were in that early). The ITCO shares and warrants that you receive next year, however, will have a zero cost basis. Hope this helps.
Lee
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