Everyone will sell their shares December 31st or earlier that month. After January 1st, they will buy the shares back. All they did was have a day where no one owns shares. It’s literally universal insider trading.
Not sure if they have a wash sale rule, but ya I essentially agree with your point. I also don’t know if they have long term capital gains but I guess you’d never reach that either.
Everyone will sell their shares December 31st or earlier that month. After January 1st, they will buy the shares back. All they did was have a day where no one owns shares. It’s literally universal insider trading.
Not sure if they have a wash sale rule, but ya I essentially agree with your point. I also don’t know if they have long term capital gains but I guess you’d never reach that either.