The US (like Canada) tax rules require anyone who generates a capital loss by selling a company’s stock cannot repurchase stock in that same company for 31 days (Wash Sale Rules).
I wonder whether part of the timing for the announcement of the PO versus the planned announcement of the financials and update was purposely spread out so that the sophisticated investors would have time to book their loss and have the ability to buy in the open market after Nov 28 for longer term gains?
Poet Technologies Inc. intends to distribute its third quarter financial results, as well as a general business update and outlook, on Monday, Nov. 28, 2016, after market close.
