Baxano Surgical, Inc fka BAXSQ

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Ad719

10/24/16 4:13 PM

Post #2,404

So do people get money from this?

allezlOM

10/23/16 5:44 AM

Post #2,403

Re: #2,402: @wiseassowl - http://www.law360.com/articles/846344/bankrupt-firm-s-execs-can-t-dodge-breach-o

Full report here : www.ded.uscourts.gov/sites/default/files/opinions/slr/2016/september/15-994.pdf

wiseassowl Free

10/22/16 1:06 PM

Post #2,402

http://www.law360.com/articles/846344/bankrupt-firm-s-execs-can-t-dodge-breach-of-duty-suit

Garyst

03/31/16 11:49 AM

Post #2,401

Re: #2,399: @aaron_03 - One more question about tax loss

Yes, you should be able to being it ended trading. In a normal scenario, you would have to sell it to actually get the loss but this was a unique case. Liker the other poster mentioned, a max of 3k per year and if by chance you had more than that invested then you can carryover the remaining loss to the following year. If you still have it in your trading account (probably a numeric ticker as I have with etrade) call them and they should be able to clear it out as a worthless stock for you for no fee (at least Etrade does it that way).

wiseassowl Free

03/01/16 8:32 AM

Post #2,400

Re: #2,399: @aaron_03 - One more question about tax loss

You can still claim the loss even if you didn't sell -- the point is that the stock has to be worthless. Read this and consult a tax professional if you have any more questions:

http://taxation.lawyers.com/income-tax/tax-deduction-for-worthless-securities.html

aaron_03

02/29/16 11:48 PM

Post #2,399

Re: #2,398: @wiseassowl - Mark it down as a loss on Line

One more question about tax loss

My position on Baxano was not closed...in other words...I didn't sell the shares for a loss last year. My understanding is that if you don't sell the shares by the end of the calendar year then you don't have a loss that can be deducted? But with the shares being canceled on August 12th, 2015, doesn't that make the investment worthless anyway? Can I claim a loss for last year in this scenario?

Thanks again for your help.

wiseassowl Free

02/28/16 3:14 PM

Post #2,398

Re: #2,397: @aaron_03 - How do I claim a tax loss?

Mark it down as a loss on Line 13 of your 1040. You can claim a maximum of $3,000. The rest gets carried over to future years.

aaron_03

02/26/16 9:07 AM

Post #2,397

Re: #2,394: @wiseassowl - That's right. I'm claiming my losses this year.

How do I claim a tax loss?

You mentioned about claiming a tax loss this year. How would you go about doing this? Secondly, why are we not able to claim a tax loss for last year? Weren't the shares canceled on August 12th, 2015 thus making our investment worthless? See note below from FINRA:

Attn: Trading and Market Making/Legal and Compliance/Operations/Systems
UNIFORM PRACTICE ADVISORY (UPC 20-15) 8/12/2015
Baxano Surgical, Inc. (BAXSQ)
Notice has been received that the above Company’s Second Amended Chapter 11 Plan
of Reorganization filed under Chapter XI of the Federal Bankruptcy Code, became
effective on 8/10/2015. Pursuant to the Plan, on the Effective Date, The holders of
Interests will not receive any distributions or other consideration on account of such
Interests. On the Effective Date, all Interests shall be cancelled, extinguished, and of
no further force and effect.

wiseassowl Free

01/29/16 10:04 PM

Post #2,396

Re: #2,395: @Ad719 - http://m.mddionline.com/node/13500 Came across this, anyone know what it means?

Yup. This is the Denver company that bought AxiaLIF and Vectre at last year's auction. They also bought rights to the old TranS1 name. Baxano shareholders will see no benefit whatsoever. Very frustrating.

Ad719

01/29/16 5:25 PM

Post #2,395

http://m.mddionline.com/node/13500

Came across this, anyone know what it means? ( sorry if the answer is already here)

wiseassowl Free

01/27/16 2:27 AM

Post #2,394

Re: #2,393: @aaron_03 - Tax loss?

That's right. I'm claiming my losses this year. If by some crazy turn of events it comes back, you'll just have to record the gains in future years (little to no chance of this happening).

aaron_03

01/25/16 1:45 PM

Post #2,393

Tax loss?

Is there a way to show this stock as being a tax loss? For some reason, it still shows up in my account but not under "closed positions". With this stock being delisted, would that not imply that its a total loss of our investment? It can't be traded anymore correct?

Joe Somebody Free

11/24/15 7:07 PM

Post #2,392

Re: #2,391: @wiseassowl - The company that bought AxiaLIF in the auction

Baxano is screwed.

Management sold every valuable asset to themselves under new names and declared a bankruptcy.

"But AxiaLIF now has new life under an old name. Snapped up at auction, AxiaLIF has become the lead product of a Denver, CO, medical device startup that also took the TranS1 name.

“It was on our radar prior to the bankruptcy,” Jeff Schell, CEO of the new TranS1, says of the device. “We knew that it needed to be preserved.”""

http://www.xconomy.com/raleigh-durham/2015/11/17/salvaged-from-bankruptcy-trans1-medical-device-finds-new-life/

wiseassowl Free

11/20/15 9:29 AM

Post #2,391

Re: #2,390: @aaron_03 - Significant? I was wondering why you posted the link

The company that bought AxiaLIF in the auction has restructured under the Trans1 name. Doesn't affect what's left of Baxano at all.

aaron_03

11/20/15 2:06 AM

Post #2,390

Re: #2,389: @wiseassowl - http://www.trans1.com

Significant?

I was wondering why you posted the link to trans1. Has Baxano emerged as a new company? You seem to be abreast of what's going on much more than me! I appreciate your input and all the posts in regards to Baxano.

wiseassowl Free

11/17/15 4:32 AM

Post #2,389

http://www.trans1.com

wiseassowl Free

11/07/15 10:09 AM

Post #2,388

Re: #2,387: @mondochello - So are shares cancelled or in limbo till

Limbo. They still owe $4M, which they more than likely can't pay if the business truly is ending.

mondochello Free

11/07/15 9:23 AM

Post #2,387

Re: #2,386: @wiseassowl - Looks like final allowed claims is $4M, down

So are shares cancelled or in limbo till this is sorted out.my account still showing them

wiseassowl Free

11/06/15 8:04 PM

Post #2,386

Looks like final allowed claims is $4M, down from $19M a year ago, with no secured debt. This is actually really workable if they were to emerge.

http://omnimgt.com/CMSVol2/pub_46887/556658_668-2.pdf

TanMan7272 Free

11/04/15 2:11 PM

Post #2,385

Re: #2,384: @GoodWill - TOS no more shares :( Had 250k..

Sorry to hear that I only had 5000 and paid 100 bucks lost track of them. company just go out of biz?

GoodWill

11/04/15 2:09 PM

Post #2,384

Re: #2,383: @TanMan7272 - Mine shows quantity but no value. scottrade

TOS no more shares :(
Had 250k..

TanMan7272 Free

11/04/15 2:08 PM

Post #2,383

Re: #2,381: @GoodWill - Can anyone tell my why shares disappeared from

Mine shows quantity but no value. scottrade

mondochello Free

11/03/15 12:36 PM

Post #2,382

Re: #2,381: @GoodWill - Can anyone tell my why shares disappeared from

Mine still showing

GoodWill

11/03/15 11:43 AM

Post #2,381

Re: #2,379: @aaron_03 - What's taking so long?

Can anyone tell my why shares disappeared from my account??

wiseassowl Free

11/02/15 12:03 PM

Post #2,380

Re: #2,379: @aaron_03 - What's taking so long?

Chapter 11 cases can drag on for years. Fortunately, this one appears to be basically done. Next step would be to let the liquidating trust pay back creditors with whatever's left (usually pennies on the dollar). You can take the tax loss next year. Just need to document for the IRS. The trust could end up with a clean shell that could be sold off. Shareholders could get something there, but the chances are remote.

aaron_03

11/02/15 10:59 AM

Post #2,379

Re: #2,378: @wiseassowl - Next hearing Dec. 1. Still going ...

What's taking so long?

As the other previous posters mentioned in regards to the shares still showing up in the account, mine does as well. What's going on? I thought mercifully we could show a tax loss this year, but are you anticipating this will take longer? Is there any chance these shares get converted into a new company?

wiseassowl Free

10/31/15 10:55 AM

Post #2,378

Next hearing Dec. 1. Still going ...

Garyst

10/30/15 10:27 AM

Post #2,377

Re: #2,376: @mondochello - My acct still shows the shares. Not canceled?

Yeah, I still have mine also at Etrade.

mondochello Free

10/30/15 7:24 AM

Post #2,376

Re: #2,375: @Garyst - Not a whole lot.

My acct still shows the shares. Not canceled?

Garyst

10/29/15 8:49 PM

Post #2,375

Re: #2,374: @powerbattles - What's up now garyst?

Not a whole lot.

powerbattles PremiumMember

10/29/15 8:47 PM

Post #2,374

Re: #2,360: @Garyst - Hoping :)

What's up now garyst?

wiseassowl Free

10/01/15 9:37 AM

Post #2,373

Re: #2,372: @aaron_03 - Tax loss?

Your equity in Baxano was transferred to the liquidating trust, where it most likely will be wiped out. But, since the case is still open, brokerages haven't yet received the final word of what to do with the shares. I'm assuming shareholders will get a letter at some point once the deed is done. You can claim the loss next year -- but you must always prove to the IRS it is indeed a loss.

aaron_03

09/30/15 10:45 AM

Post #2,372

Re: #2,371: @ClairvoyantTrader - My have no value also, I have a

Tax loss?

I don't see a tax loss in my investment account. I still see the ticker symbol but no loss in the account. Do we need to call the broker?

ClairvoyantTrader Free

09/29/15 10:55 PM

Post #2,371

Re: #2,369: @aaron_03 - What happened?

My have no value also, I have a lost of $7.6K lost in my tax lot in Fidelity

mondochello Free

09/29/15 11:39 AM

Post #2,370

Yep I have zero value ad well bit the ticker is still there

aaron_03

09/29/15 9:41 AM

Post #2,369

What happened?

I was one of the unfortunate ones who had some stock in this miserable company. In my investment account, it showed there was value left in the company until this morning. Does anyone else show in their accounts that it's disappeared? Can we at least do a tax write-off on this horrific transaction?

Garyst

09/10/15 10:51 PM

Post #2,368

Re: #2,365: @Ad719 - So what happens now with the shares?

Still showing the value in my account but unfortunately I think we are done. The risk of playing companies that are in bankruptcy is that many times the shares get cancelled and unfortunately I think that came true here.

Ad719

09/02/15 11:26 PM

Post #2,367

Re: #2,366: @ClairvoyantTrader - That's what I want to know to, but

Lost? Man I felt bad about $100

ClairvoyantTrader Free

08/31/15 11:41 PM

Post #2,366

Re: #2,365: @Ad719 - So what happens now with the shares?

That's what I want to know to, but most importantly what happens with my $4.2k I invested in this

Ad719

08/31/15 1:29 PM

Post #2,365

Re: #2,363: @mondochello - Still holding value in my acct

So what happens now with the shares?

Garyst

08/25/15 10:21 PM

Post #2,364

Re: #2,363: @mondochello - Still holding value in my acct

Mine too.

mondochello Free

08/25/15 2:46 PM

Post #2,363

Still holding value in my acct

tomtom007

08/20/15 2:09 PM

Post #2,362

Check out sirgq next week q comes off fri maybe a RM check it out folks.

Garyst

08/17/15 10:11 PM

Post #2,361

Re: #2,359: @ClairvoyantTrader - Same with Fidelity with an $1.3K

Time will tell.

Garyst

08/17/15 10:10 PM

Post #2,360

Re: #2,358: @mondochello - Lol we can hope.good luck dude

Hoping :)

ClairvoyantTrader Free

08/17/15 8:54 PM

Post #2,359

Re: #2,357: @Garyst - Mine on Etrade is now back to showing

Same with Fidelity with an $1.3K

mondochello Free

08/17/15 3:51 PM

Post #2,358

Re: #2,357: @Garyst - Mine on Etrade is now back to showing

Lol we can hope.good luck dude

Garyst

08/17/15 3:48 PM

Post #2,357

Re: #2,356: @mondochello - Yeah but my balance isn't zero it's still

Mine on Etrade is now back to showing $890.00 again.

mondochello Free

08/17/15 2:10 PM

Post #2,356

Re: #2,355: @Garyst - Mine too.

Yeah but my balance isn't zero it's still 1500 bucks

Garyst

08/17/15 2:00 PM

Post #2,355

Re: #2,354: @mondochello - Still number over ticker with dollar value unchanged

Mine too.

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Baxano Surgical, Inc fka BAXSQ

Followers	28	Posters	257
Posts (Today)	0	Posts (Total)	2404
Created	10/17/07	Type	Free
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http://finance.yahoo.com/q?s=BAXS

{Formerly ticker symbol TSON}
NASDAQ: BAXS
Baxano Surgical, Inc., a medical device company, designs, develops, and markets minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region. It markets the AxiaLIF family of products for single and two level lower lumbar fusion; the VEO lateral access and interbody fusion system; the iO-Flex system, a proprietary set of flexible instruments used by surgeons during spinal decompression procedures; and the iO-Tome instrument, which removes bone, primarily the facet joints. The company also markets other products that complement these primary offerings, including Vectre facet screw system; Bi-Ostetic bone void filler; bowel retractors; discectomy tools; and a disposable bone graft harvesting system that could be used to extract bone graft used for fusion procedures. Baxano Surgical, Inc. sells its products through a direct sales force, independent sales agents, and distributors primarily in the United States, Europe, Asia, and North and South America. The company was formerly known as TranS1, Inc. and changed its name to Baxano Surgical, Inc. in May 2013. Baxano Surgical, Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.

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