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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.

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    • 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

 
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