PP...WARRANTS
in response to
by
posted on
Sep 22, 2009 02:54PM
Cougar Minerals Corp. is an exploration company engaged in the acquisition and exploration of natural resource properties in Alberta, Saskatchewan and Manitoba.
..one must do their homework when dealing with different institutions. I deal with an on-line dis-count brokerage ( TD ) SO THEIR is pit falls to this this. I know some full fledge brokerage houses will stretch the rules in the TFSA as their are loop holes that like RES-I nvestor says, are still open. I have not been able to stretch the rules with TD on-line trading. I took my Bison PP certificate to my branch and along with a letter of direction had my shares deposited into my joint accounts with my kids. The boys will show a zero cost base so i add this cost to their account for tax purposes ( copy of certificate ). T he shares will have a four month hold , so you will see this beside the shares in your account so the trader can see this hold, after the Jan 2010 your good to go. I would suggest you purchase your warrants in your name 6 wks prior to hold so that your ready to sell along with everyone else if you choose as it takes app.. this time for the share Warrant certificate to be done....I know everyone has different trading strategies, but one must remember that on-line Institutions will hold back an amount of money in your SDRRSP for tax as this is the Tax Law on with drawls even if you swap from your SD to your TFSA . AGAIN remember that you have the option to take the high price of the day or the low price and one can take the low which allows more shares to swap or the high if you have a gain that you whant to sell in the TFSA to pay zero gain. I will record the high gain to my cost base for tax purposes. Since this is a learning curve for some....i will tell you a trade secret and i know Brokers will hate me for it, but some of you might thank me as i only post to help others as i know my game. OK THIS is what you must do, since you have a four month hold on the PP you should buy more shares in your account of the same stock as they have no hold on them and if the share price rises alot higher before the hold expires you still have free trading shares you can sell before all the PP shares hit the market and likely get your money back from the cost of the PP which will be free shares. I have purchased cou and bge and have been able to swap in and out of my TFSA and not have to worry about the hold. I know a full fledge broker will do this for you and allow your warrant to be transferred in but on-line you can't. I see this a must do for all the PP you do and this is the best kept trade secrect, if you notice already the animals prices are already up 300 % so do your home work.Long On The Greens Traps7