First American Scientific Corp. (fka FASC)

[TRCPA]

That gets back to the argument about whether delisting in and of itself qualifies for worthlessness....which the IRS has not accepted for tax purposes....and rightly so, IMO.

Delisting in and of itself has had no bearing on a company's true value for purposes of tax reporting in a full write-off situation.

If the broker actually buys the shares, then you have established your sales price for tax purposes.

Personally......I would want more information on what the company is doing before making such an effort.