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To: Lucretius who wrote (49151)2/16/2000 10:15:00 AM
From: Enigma  Read Replies (1) | Respond to of 116762
 
Canadian options (con't)

The market impact of the new ruling is that insiders who own options are no longer forced, for tax reasons, to sell the minute they exercise the option (because they're stuck with the tax bill - whatever happens to the stock price later). Often they are forced to exercise and sell on the expiry date. Under the new rules they are not taxed until they sell the stock.



To: Lucretius who wrote (49151)2/16/2000 10:33:00 AM
From: JungleInvestor  Respond to of 116762
 
Has trading in BGO been halted?? The volume has not moved in the last 50 minutes and my market order has not been filled??