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To: SalmonMan who wrote (245)	5/30/1998 10:32:00 AM
From: terri acey	Read Replies (1) of 40688

Hi Salmonman.. If I am not mistaking what James is talking about, if you have a traditional IRA and want to change to a ROTH IRA, this will be the last year you can prorate capital gains I believe over the next 4 years. After this year you will have to claim all your capital gains in the year you convert. Right now PNLK is low in share price but if any news hits big over the next few weeks, months, your paper gains could be tremendous and you could have a major capitol gains and therefore, may be too much of a headache and tax liability to switch to a Roth. This is why James converted now to capture PNLK while it is trading under 3 especially if you have major shares. Of course it depends what else you have in your IRA, how long you have had it, and how much in gains you have currently. It is very easy to convert if you should decide. The company you have the IRA with will send you a conversion form and you just fill it out, or if they are nearby, just go in and take care of it that way. I also converted my IRA to a ROTH.I would rather have tax free at retirement than tax deferred now and paying taxes on the distributions later.

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