Tuesday, December 16, 2014 1:27:55 AM
All stocks in your portfolio CAN be (Figuratively) traded through your broker(s)!
However in the case with this stock having no BID, you can execute what is called a "Remove Worthless Shares" clause.
Your broker may have different name for this...
This process allows your broker to Trade (or remove) said security within your portfolio for usually "one penny"
Therefore, you've virtually sold/traded said security for one penny, where the amount you've initially paid to open that position (less one penny) then becomes the "Tax Loss Claim" you'd file within your tax documents and thereby increasing the overall size of your tax refund!
(yes, you've gotten "some" of your losses back!)
I can only imagine the total number of players throughout the entire stock market who "Did Not know this" and went year to year without ever recovering "some" of their "Accumulated-Recoverable" losses!
But then what about brokers that charges their clients a "Reorganization Fee" for every ticker within their portfolios that does a "Reverse Split", well, that FEE is also Tax-deductible and should be added to your Tax-Loss Claims!
now, shall we guess the number of players who've never filed that claim because they "Never Knew" they could've done so?
Well,, that's a hell of a lot of unclaimed capital!
Just sitting forever in limbo!
Given the all the powers placed upon "Money", I have reason to believe that had everyone filed tax loss claims for every cent of their losses within the stock market, the SEC/FIRNA and other related entities would've had tighter restrictions on companies that want into the stock market to sell their shares.
Otherwise, unclaimed tax losses are annually added to the "Phantom" bank and apparently more lucrative to do nothing about the companies that causes these losses, but to instead give them a protective crutch to use as a scapegoat under the "Safe Harbor Act"
with that said, the PPS of this company will move like a rollercoaster before eventually settling.
I'll be flipping it at every turn!
for example, it closed at .0021, right?
or may even tank lower, but I'll be soon flipping this in the .003's! and possible in the .002's if this kisses the .000#
Watch my predictions come true!
In understanding the Risks!, I don’t mind losing in stocks that died TRYING, but I DO mind losing in stocks that died LYING!
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