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Re: #1 PATRIOTS_RSOX FAN post# 74482

Thursday, 11/12/2015 6:31:37 PM

Thursday, November 12, 2015 6:31:37 PM

Post# of 92769
True perhaps, but remember, when a pinksheet does an R/S, it insures its shareholders will have no chance of recovering their monies back!

You cant sell shares LOST in an R/S!

or, as in the case with this stock, you end up with "NOT" having enough "POST-R/S" shares available that's worth the commission fee You-Will-Need-Pay to trade them!

But in either case, the monies you've initially put up as your seed-investment here, never changed and/or yet still exists!

But what DID change, is its ownership! As in, the insider;s pocket(s) its been since divvied into and leaving you at a total loss of it all!

Welcome to the pinksheets!

they're noted for being such high risks for a reason!

And this POS exemplified this fact like a textbook!

However, you can always get back about 40% or so percent of your losses here in the form of filing a Tax-Loss-Claim in the next upcoming tax season which is about 4-5 months away!

So while you've lost 100% on your investment here, the IRS will "refund" a portion of that loss back to you, in the form of a tax credit!

But going forwards, consider yet another lesson well learned in the dealings with pinksheet companies!

In understanding the Risks!, I don’t mind losing in stocks that died TRYING, but I DO mind losing in stocks that died LYING!