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Microcap & Penny Stocks : MTCI - Will it live out the year ??? -- Ignore unavailable to you. Want to Upgrade?

To: WalleyB who wrote (1269)12/19/1998 10:00:00 AM
From: Mr. Jones  Read Replies (2) | Respond to of 1336
 
Jim,

I'm not a tax expert, but you are still holding the 'asset'.

The tax event occurs upon disposition of that asset.

Again, I'm not a tax expert, these are only my opinions.



To: WalleyB who wrote (1269)12/21/1998 8:54:00 AM
From: Mr. Z  Respond to of 1336
 
Don't know about the second part of your questions, but I wouldn't put too much value in a shell. Yes, you would own shares in the new company. I did this earlier when ICVI was a shell bought by MTEI. Huge scam -- and that is not just me talking sour grapes. Go over to the MTEI thread and check it out. Company put out false PRs and more.

I wouldn't plan on getting anything from your MTCI shares except a loss -- ever.


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