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Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (67)7/26/1999 2:06:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 133
 
Ah, I think you put out the lights on the newly opened thread <g>, well there is indeed not much to do meanwhile.

What's about the role of the exchange (AMEX)? Do they have to report about halted stocks and the next steps, or can they stay quiet indefinitely (I mean, consider one is long a halted stock and wants to receive any information what's going on)?

On another question, is it a legal way to avoid U.S. taxes? Imagine, the buyer of those shares has a big tax liability because of trading gains in other companies in 1999. So a company is set up reaching a very high stock price, and the U.S. buyer now loses his gains by buying into it and then the price drops. The gains appear on the other end, where a company (a trustee?) shorted against the box.



To: Q. who wrote (67)7/26/1999 9:14:00 AM
From: lindend  Read Replies (1) | Respond to of 133
 
Are you assuming this thing will trade again?

You may never have to cover.