He said they are selling their shares and keeping
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Posted On: 04/25/2019 12:58:39 PM
He said they are selling their shares and keeping the warrants.
The volume wouldn't support that they all are doing it
but if you think about it, it might make some sense if it was timed right.
You buy shares and warrants at 3.13.
You sell your shares for 2.85 on first NASDAQ day.
So off the bat you have a .28 cent loss (3.13 - 2.85).
So, in a sense, the warrants only cost you .28
and you get to write that .28 off as a loss on taxes!
So, you really haven't invested anything in VERB.
You got $2.85 back in cash.
You got a .28 loss to write off on taxes.
You got an equal amount of warrants for .28.
If VERB doesn't make it, what have you really loss: .28!
But that was written off as a tax loss. So, really not much.
If VERB does make it and grows beyond 3.44 you will just pay the 3.44 to exercise the warrants for shares at that time and get the gains.
Very little RISK.
Make senses????
The volume wouldn't support that they all are doing it
but if you think about it, it might make some sense if it was timed right.
You buy shares and warrants at 3.13.
You sell your shares for 2.85 on first NASDAQ day.
So off the bat you have a .28 cent loss (3.13 - 2.85).
So, in a sense, the warrants only cost you .28
and you get to write that .28 off as a loss on taxes!
So, you really haven't invested anything in VERB.
You got $2.85 back in cash.
You got a .28 loss to write off on taxes.
You got an equal amount of warrants for .28.
If VERB doesn't make it, what have you really loss: .28!
But that was written off as a tax loss. So, really not much.
If VERB does make it and grows beyond 3.44 you will just pay the 3.44 to exercise the warrants for shares at that time and get the gains.
Very little RISK.
Make senses????
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