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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?


To: Emec who wrote (914)11/14/1997 11:37:00 AM
From: Sergio H  Respond to of 1923
 
David, fair value was used by Allen and Co. to set the merger terms. I'm not referring to what's fair in the market. Just thought that it was a good reference to use as to where the stock should be trading.

Sergio



To: Emec who wrote (914)11/14/1997 11:43:00 AM
From: DONNAMIKE  Read Replies (1) | Respond to of 1923
 
David,

You are right about the term fair value. But we all know what
determines the price of any stock is news and emtional make up of
people buying or selling. Right now we are in a no news situation.
And you know just as well as I do that if no one knows about a stock it will not be going anywhere. I know that ATPX has totally blown
this merger and has done nothing to promote the new company. Our only
hope is this PR firm they hired does a better job and gets the news
out to the right place's at the appropraite times. This is what will
determine the fair value of the stock.

Michael



To: Emec who wrote (914)11/14/1997 12:54:00 PM
From: Lee Bush  Respond to of 1923
 
David: I think you need a tax definition update, that for "unfair value". Unfair value is defined as the value that market makers place on stocks after those stocks reverse split in order to determine the value at which they may repurchase their shorted shares and reap unentitled gain. It is filed on Schedule E under the section set aside for Broken Trusts.
Lee



To: Emec who wrote (914)11/14/1997 8:40:00 PM
From: Len Giammetta  Read Replies (1) | Respond to of 1923
 
David F, maybe you know.... Wash Sale??

If and invstor sold a stock that he had a loss on, STCL OR LTCL, and within 30 days repurchased that stock, would that be considered to be a "wash sale" per the Internal Revenue Code?? Would that limit the losses you could report on the 1040??

(Not that I'm thinking of selling this bad boy)