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Re: lesnshawn post# 310791

Wednesday, 10/29/2014 1:55:11 PM

Wednesday, October 29, 2014 1:55:11 PM

Post# of 326338
Hello LESN, Like you said there is no time limit. I just talked to my broker at Scottrade and he confirmed this as well. Seeing it is a "very limited regulated market" in penny land seems not much oversight by regulators. I asked about the difference between this type of "gambling" and BK and he said not much difference. At Scottrade they offer a form call "Worthless Security form". I can fill it out and at least take the tax loss if I want. As for other brokers guess one would need to ask their individual brokerage houses. As long as LM and company are feeding off the "gamblers" this could go on forever? At what time does the companies "working" with them throw in the towel? This is when it truly would be done as a company?