Recent

% | $
Quotes you view appear here for quick access.

Astex Pharmaceuticals, Inc. Message Board

  • cigan1956 cigan1956 Feb 23, 2013 12:45 PM Flag

    CASAMENTO STOCK SALE COULD BE A MOVE TO AVOID TAXES ON STOCK PRICE GAINS AND SALE .

    Charles might be looking to pay little or no taxes, or take a deduction for the donation on stock gains that he knows are coming. This is really a positive sign. There may also have been a large amount of stock held by the trust before this transfer. Looks like an attempt to shelter large amounts of stock gains.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • This is the reason for sale per IR:

      This was not really a sale. He transferred shares into his trust. He still owns the shares but does not have control since the trust is independently directed thus the requirement for the voluntary filing.

      Max

 
ASTX
8.4950.0000(0.00%)Oct 10 4:00 PMEDT