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I'm a former ALLR stockholder who would like some verification regarding my basis in MACR. I owned 800 shares of ALLR with a basis of $6798. I received $3 per share in cash or $2400. I also received .2 shares of MACR or 160 shares. I took my ALLR basis of $6798 and subtracted the cash of $2400, leaving $4398. Dividing that by my 160 shares gives me a basis of $27.49 per share. I recognized no gain in the merger as the cash received and FMV of MACR was much less than my basis in ALLR. Therefore, I did not increase my basis in MACR by any gain.

Are there any problems with my calculations?

Thanks from a new MACR holder.
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