I just finished emailing info@wildcat.ca to get John's contact info. If anyone can give me John's contact info that would be appreciated.
I have never taken part in any PP and am new to it but I have done some research on the flow-through's and it looks like I can participate (if possible) in a nice tax saving the same year I give the company money for exploration costs. I basically save 50% of whatever I invest so if I pay .10 then I am actually only paying .05. That sounds like a deal especially if the company does well. But how long do I have to wait before I sell and how much is enough to purchase. At the moment I may come up with 20-50,000. I am pretty tapped out at the moment but at the same time I don't want to look like a dork by not offering more.
There is one puzzling statement I wish I understood better:
In order to be eligable to have expenses treated as have been incurred by the end of the calendar year under the new look-back rule, an investor must pay cash and agree to aquire a flow through share by the end of the year. Not sure what that statment means. I wish I did.... It sounds to me if I put in 20,000 then I need to buy additional flow through shares. How much will that total?
I need to take some courses or have someone speak in English because it sounds Chinese to me