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Gold/Mining/Energy : PYNG Technologies
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To: Gary H who wrote (1734)3/29/1998 7:52:00 PM
From: Veritas  Read Replies (2) of 8117
 
OFF TOPIC. Gary, if you're Canadian, you're allowed one transfer per year of stock for cash. That means you can transfer your PYNG into your RRSP. You might wish to transfer it on a low-price day - say your 1000 shares is worth $4000 ($4 per share)- thus withdrawing only the same amount of cash and leaving more cash in the RRSP with which to purchase yet another 1000 shares. This is of course presuming that we're looking at a long-term $30+ stock! Anyway, that's what I intend to do. You can do this over the phone with your broker. No need to advise Revenue Canada first. Good luck.
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