...We Welcome You To The Resverlogix HUB withIn The AGORACOM COMMUNITY!

Free
Message: Re: New Insider filing dated Feb 12 - Change in the nature of ownership

I was wondering about that George.....if moving shares inside of one's RRSP, is that necessarily bullish in some way.  I can see both sides.

Let's just assume for the moment that RVX is expected to climb to $10 per share, something we all hope will happen eventually.  In this case 15,000 odd shares (I'll call it 15K to keep the math simple) are worth $150,000 as oppposed to just $19,350 at the $1.29 price stated.  

So outside of an RSP that's a gain over over $130K...with half that gain being tax free.  Inside an RSP however, everything is taxable...both the initial investment of about $20,000 as well as the $130K gain.  

Granted I don't know what the cost basis for these shares is....it might be higher or lower than the $1.29 price they were at when moved into the RSP account.  

 

Share
New Message
Please login to post a reply