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To: Mr.Hi Gain who wrote (49840)3/5/1998 11:19:00 PM
From: Barry A. Watzman  Respond to of 186894
 
My understanding is that if you've held the warrants themselves for 18 months and SELL them (as opposed to converting them), then yes, it's a long term gain. Of course it would have been a much larger long term gain if you had sold them yesterday, or even better, last week.

Understand, however, that I am neither a lawyer nor an accountant.



To: Mr.Hi Gain who wrote (49840)3/5/1998 11:26:00 PM
From: akidron  Read Replies (1) | Respond to of 186894
 
my understanding is that if you convert then into shares of stock u have not sold them so that there are no tax implications until u sell them, but that when you do the period you held the warrants will be tken into account... that's how I think it works... but i'm from the uk so u had better check


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