KG
$4.80 was the PP price that these guys paid /share ..That was his cost so that was what he could contribute to his RRSP..Cash or in Kind..I did the same thing with MFC when they went public they gave me a whole whack of shares ..Pre gratis for being a long time policy or two holder..so I used them at a convienient time to use as a contribution to my SDRRSP..I waited till the bottom fell out of them and then put in as many as I was allowed to and let the price go up inside where They grew tax free,,
Still have them.,.they spl;it two for one so I did ok..
Great trick..Good for our boss.
Portee