Tax Implications

[Kaliboo]

This was hashed as a possibility long ago here based on the first offer MIC. One of several reasons I sold out 99% before deal closed. Avoid this debacle and still can participate in class-action with proven damages. http://shareholdersunite.com/mybb/showthread.php?tid=11164&highlight=Taxes

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Palm is right.  The tax treatment was clearly, clearly, CLEARLY spelled out in the MIC.  Plus, it was discussed on this board.  Not that there was anything you could do about it - the only alternatives were to take the deal or dissent/lawsuit.  If the totally distastful and problematic latter choice, the tax treatment would be the same, since you just get cash, just maybe a year or two later.

There's an old adage:  If you don't know what you're doing, stop doing it.  Kaliboo - words to live by.

Yeah true words if you know you don't know what you are doing.  I sold out years ago and got back in with only half the shares at a much lower price near the last closing price.  So I'm safe.  Everyone  who ever bought this stock thought they knew what they were doing.  Selling out is an admission to that fact.  The story is over only for those who sold out.  You got what you got be it gain or loss.  Good luck.