I laid out the Roth conversion strategy I was following with my Amarantus investment. So far that's working out beautifully, but with my tax extension I still have until Oct. 15th to decide whether to stay the course or reverse it. Share price should be a great deal higher by then, so I'll probably stay the course.

If anyone followed the same strategy, then good for you. My shares were converted to the Roth at 3.6 cents. My brother-in-law converted his at 3.3 cents. Our tax bills are based on the conversion price, and all gains beyond that point are forever tax free, even on withdrawal.

Dr. Jerry also mentioned this strategy over on IHUB. It's a great long-term tax strategy for an investment you expect to increase significantly in value. AMBS seemed like the perfect candidate. The beauty of this strategy is you have the option to reverse it for up to a year if things don't pan out or are delayed beyond your expectations. Wash, rinse, repeat... until it works out.