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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Double Dipper who wrote (10620)4/5/1998 10:00:00 AM
From: Double Dipper  Read Replies (1) | Respond to of 27968
 
To anyone with an answer:

TAX Question regarding the share conversion:

If we owned FAMH for say 5 months and the ATRIX share conversion
occurs at the 5 month mark and becomes ATRIX, are share purchases
considered to be 5 months old? For those of us who really plan to
be long, we need 18 months under the new IRS rules to be considered
long for tax advantage purposes.

Has anyone had a similar experience? It seems like the FAMH purchase
date would be the basis for the ATRIX shares for tax
purposes, but I don't know that for fact. Can anyone with a
better understanding speak to this issue?

Kevin



To: Double Dipper who wrote (10620)4/5/1998 2:35:00 PM
From: Kool Guy  Read Replies (1) | Respond to of 27968
 
Kevin,

Regarding Ira switching from a 1/4 ratio to maybe a 2/1 or even 1/1, didn't FAMH already send a mutual letter of intent to ATXI stating a 1/4 adjustment? My understanding is that FAMH already signed this, but ATXI did not. My question is whether this ratio can still be changed at this point.

Any insight on this would be very helpful.

Kool Guy


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