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Re: rjn2418 post# 111217

Wednesday, 04/08/2015 7:10:03 PM

Wednesday, April 08, 2015 7:10:03 PM

Post# of 111729
It is dead money and forever lost. The issue you have is that the DTCC Global Lock is in place and will never be removed due to the toxic financiers dumping shares by the billions here. Dennis gave them steep discount to market price and endless shares to get their money back and massive interest as well. The illegal free trading unregistered shares did this in and leaves no room for any means to "clean up" the dead shell.

One of the largest factors is the fact that BEHL didnt even have a Form 211 on file, it was in fact an unsolicited quote security and had never been cured of it's shell status at any point. This was an easy Global Lock for the DTCC.

You wont ever sell the stock, you might be able to get rid of it from your account depending on your broker. Some will remove it from your account in a "Penny for the lot" transaction, basically $1 for the worthless security. The loss however can be taken without selling the security, you have a No Bid security with no market. You have to consult your tax specialist to do so.