$Torchlight Energy Resources Inc.US$ in case anyone doesnt k...
$Torchlight Energy Resources Inc.US$
in case anyone doesnt know, there is dividend tax if you’re not a US resident.
in case anyone doesnt know, there is dividend tax if you’re not a US resident.
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Kuo董 : Yes.. Don't think so much. The tax is high but that's nothing u can do w it. Lol
L777888 : May I know how much % ?
moolahmoolah : 30%
Kuo董 SeeAxe : Agreed. I saw the article too online. 8 dividend per share would be a safer number.. I guess? Lol
SeeAxe OP Kuo董 : Well you can calculate the entry point that make sense to you. In case anyone doesn’t know again, the shares allotment between trch and meta is not 1:1. Adding in the difference between the shares outstanding, the ratio will be around 1:4. Taking the price point of both trch and meta’s $6, trch value is $1.50. Difference of $4.50 /7*10 for dividend tax you are looking at $6.42 dividend payout to break even.
Of course it’s more complicated than this as this is purely looking at the 2 company stock value.
1147395920 SeeAxe OP : How did you come out a calculation on this? Didn’t saw the post online . Can share?
munchkukie SeeAxe OP : really hope pple do their dd instead of just assuming it is the normal dividend. look at the net PPE, and divide by number of outstanding shares. going by cost is about us$0.21, maybe can pop up to somemore after sale after fees..but u suffer dilution after merger.