Re: Antonio: MACK did say it will be a taxable dividend
I knew I saw it somewhere; glad u found it I was starting to question my age and my recall powers which have always been strong...
so following the entire transaction through you have a taxable dividend and an ordinary loss; the ordinary loss offsets higher tax rate ordinary income so at worst you make out on the spread between the rates...is this a correct interpretation
at best MACK runs off the low 2 price which I expect and you make money on the trade as well...