First American Scientific Corp. (fka FASC)

[sunspotter]

"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."

The thousands of zombie stocks festering without value in the more reckless speculators' portfolios tend to contradict that argument.

Lazarus-like OTC penny stocks that re-emerge with a concrete value from de-listing after having been on the Grey Sheets are pretty rare.

Perhaps you know of some counter-examples to prove me wrong, however?