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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: Top Jim who wrote (1088)7/14/1999 5:02:00 PM
From: Jason Compson  Read Replies (1) | Respond to of 1305
 
Yes, it is a RIC under Subchapter M. If you haven't received a statement of income from WCAP, that may be because, until now, WCAP has no realized capital gains. Hmmm . . ., makes you wonder doesn't it? As to the CEO's confirmation, may I suggest you examine the following:

post.messages.yahoo.com



To: Top Jim who wrote (1088)7/14/1999 5:08:00 PM
From: Jason Compson  Respond to of 1305
 
I may have misspoke when I said that WCAP has no realized capital gains. What I should have said is that its paltry realized capital gains are less than its net investment losses. My guess is that, for tax purposes, WCAP's net investment losses offset its realized capital gains.


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