Paragraph 4 of the summary is basically what I said several weeks ago when the C stock "dividend" was announced and again several times in more recent comments -- Malone "controls" this company through the B voting stock and watch the Comcast A and A Special common stock for an idea of how the Liberty Global A and C stock will trade.
For those folks getting margin calls and for those who didn't have their C stock immediately available to trade when issued, don't blame Malone; blame your brokers for being uninformed.
For those confused about the basis in their C stock, take a look at the IRS publication on stock dividends if you are not familiar with the process -- http://www.irs.gov/publications/p17/ch09.html#d0e25291 -- Section 9 (Dividends and Other Corporate Distributions) states: "Distributions by a corporation of its own stock are commonly known as stock dividends. Stock rights (also known as �stock options�) are distributions by a corporation of rights to acquire the corporation's stock. Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return." http://www.irs.gov/publications/p17/ch09.html#d0e25230 . See also Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure the basis of the C Stock -- "Stock dividends. Stock dividends are distributions made by a corporation of its own stock. Generally, stock dividends are not taxable to you. However, see Distributions of Stock and Stock Rights under Nondividend Distributions in chapter 1 for some exceptions. If the stock dividends are not taxable, you must divide your basis for the old stock between the old and new stock."
RM... again you were wrong...selling the C shares and buying the A shares. anyway all opinions here and not worth much..But thanks for the C share update..As you know I trust Malone and am amused at the anti Malone people here that can just sell and not worry!!!