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Technology Stocks : Energy Conversion Devices
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To: E Haiken who wrote (2597)11/8/1998 9:21:00 AM
From: Sid Turtlman  Read Replies (1) of 8393
 
E: Again, with just a layperson's knowledge of accounting, how the sale of Ovonic Battery stock to Sanyo is treated might depend on whether Sanyo is buying some shares directly from ENER, in which case there would be a capital gain to ENER, or whether the purchase of the shares was from Ovonic, in which case ENER wouldn't receive any cash nor report any gain. Here is an example: If you buy stock in XYZ Corp at $20, and then later the stock goes up and XYZ has an additional stock offering to the public at $30, that doesn't trigger any capital gain event to you; if you sold some of your stock at $30, it would.
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