Earlier, Chief Executive Elon Musk tweeted he was considering taking the company private and some quickly executed trades netted massive
paper profits as shares in the electric car maker rallied as much as 9 percent.
When
paper profits accumulate in one's stock portfolio, the high-spirited, though irrational, feeling of wealth sets in.
His company is well known to exploit tax loopholes and outwit weak governments by paying the best advisers to shuffle
paper profits, and to some this move seems very much the same.
The revenue official surmised that substantial portion of the net income could be just "
paper profits" or amounts which have yet to be collected.
Nearly 700,000 small investors saw their stakes increase by PS290 as the price rose by up to 39 per cent while some post workers would have accumulated more than PS1,000 in
paper profits during the course of their morning deliveries.
At the peak price, retail investors who each paid around PS750 for a tranche of 227 shares would have been sitting on
paper profits of more than PS290.
Nearly 700,000 small investors saw their stakes increase by PS290 as the price rose by up to 39% while some post workers would have accumulated more than PS1,000 in
paper profits during the course of their morning deliveries.
Nearly 700,000 small investors saw their staKes increase by PS290 as the price rose by up to 39% while some postal worKers would have accumulated more than PS1,000 in
paper profits during the course of their morning deliveries.
The Qatari investors in Barclays which pumped crucial funds into the bank at the height of last autumn's financial crisis were sitting on
paper profits of more than pounds 700 million yesterday.
These huge "
paper profits" were hardly ever called upon to "show themselves" in material form of any sort, because those who could ask for the proof that the "
paper profits" really existed, trusted chose who declared the
paper profits.
The amount of
paper profits as of Friday represents a much sharper fall from the end of March 2007 when such profits totaled 25.1 trillion yen.
If options are in the money, they may be subject to the alternative minimum tax (AMT) on
paper profits even before selling their shares.
