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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Gary H who wrote (1734)	3/29/1998 7:52:00 PM
From: Veritas	Read Replies (2) \| Respond to of 8117

OFF TOPIC. Gary, if you're Canadian, you're allowed one transfer per year of stock for cash. That means you can transfer your PYNG into your RRSP. You might wish to transfer it on a low-price day - say your 1000 shares is worth $4000 ($4 per share)- thus withdrawing only the same amount of cash and leaving more cash in the RRSP with which to purchase yet another 1000 shares. This is of course presuming that we're looking at a long-term $30+ stock! Anyway, that's what I intend to do. You can do this over the phone with your broker. No need to advise Revenue Canada first. Good luck.

To: Gary H who wrote (1734)	4/3/1998 8:42:00 PM
From: Veritas	Read Replies (1) \| Respond to of 8117

OFF TOPIC. Gary, I thought you might be interested to know that I transferred my PYNG into my RRSP at 4.65, the reasoning being that I wish to keep my profits (Let's hope!)out of the Tax Man's hands. Since I bought it at a higher price, I will not have to declare capital gains and I don't mind losing the capital loss advantage (apparently one cannot use it in this case in Canada) since I have previous capital losses I can use from previous years. This exchange also allows me to have more cash available inside the RRSP than if I had transferred in at, say, 6.00+. Hope you find this informative. I'm happy with the deal. Any thoughts?