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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?


To: Pr-Ac Man who wrote (6137)1/1/1998 11:31:00 AM
From: Keith Morley  Read Replies (1) | Respond to of 10368
 
Hi Pr-Ac Man:
Re your comment
"Given that this was the last day for tax-relief selling, and that BNGO clearly offered some tax benefit to alot of people"

I thought that the last day for tax loss selling to be applicable to 1997 was for US exchanges December 26, 1997 and for us north of the Border in Canada for CDN exchanges December 24, 1997.

I certainly would not want sales over the last few days to create additional income for 1997 as my intent was to defer the tax liability to the year 1998 with a payment date of tax being April 30, 1999. Hopefully by then that cash can be generated from the liquidation of some BNGO shares.

Regards

Keith