Posted On: 11/30/2016 11:59:34 AM
Post# of 43066
Unfortunately any PTOI investors who wanted to take advantage of their PTOI tax losses this year while still staying invested in PTOI, missed their chance if they haven't done so already.
For example, a person with 100k shares at an average price of $0.50 could have purchased an additional 100k shares yesterday for $5k, then sold 100k shares on December 30th. At 31 days or more later, it's not subject to wash sale rules. That would have been about $45,000 in tax losses harvested.
Since December 31st falls on a Saturday, that's no longer easily possible to do.
For example, a person with 100k shares at an average price of $0.50 could have purchased an additional 100k shares yesterday for $5k, then sold 100k shares on December 30th. At 31 days or more later, it's not subject to wash sale rules. That would have been about $45,000 in tax losses harvested.
Since December 31st falls on a Saturday, that's no longer easily possible to do.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
