Quote from: fcmatt on December 10, 2012, 04:10:10 PM

Quote from: BurtW on December 10, 2012, 03:55:30 PM

Quote from: pieppiep on December 10, 2012, 02:34:20 PM

Quote from: BurtW on December 10, 2012, 02:04:48 PM

4) I personally believe that the GIGAMINING share are now worth zero as (so far anyway) there is no method to sell or transfer them to anyone else

The pending BTC is 3984 for 40,000 shares, so they are at least 3984 / 40,000 = 0,0996 BTC each.

I meant the market value of the contract/shares/bonds themselves assuming you keep them, they are not transferrable, you receive all pending and future BTC payouts (1099 income), ASICs hit the market this coming year, etc.

They are never worthless as they perpetually pay. So he is on the hook forever. They must be bought back unless
he wants to keep paying forever. And in order to buy back a price must be set times 1.05. And saying it is 0 at this
point in time is simply inaccurate.

That is my opinion as far as taxes go. Please ignore it. Thanks.