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Subject:  Selling the "Rights" to a stock Date:  3/27/2000  3:50 PM
Author:  cargeoma Number:  32701 of 127613

A well known investment company told us we could do the following and I'm trying to find out if it's legal or not: You sell the "Rights" to a stock for a certain price. Then you sell the stock for the current price. The money you received for the "Rights" then go towards any taxes; therefore you end up selling your stocks tax free. Whoever buys the rights to the stock is taking a chance that the stock is going to go up. I'm new at this so I hope I explained it correctly. It sure sounds shady to me!!!
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