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Re: rudiger post# 105139

Tuesday, 08/25/2015 5:00:20 PM

Tuesday, August 25, 2015 5:00:20 PM

Post# of 108187
Ok this is what you must do and it ain’t pretty. Most likely this will stay at no bid and hardly trade for a long time, and probably later RS. So, if a maybe, maybe spike happens to 0003 or something, bail out at whatever price you can get but that may still take months and months of waiting. Worst case, you are just plain stuck here, and with 600 bucks it is not worth the effort to report to the IRS it is worthless:

http://www.bankrate.com/finance/taxes/writing-off-a-worthless-stock.aspx

So, what you do is nothing. Wait for the RS, and either average down real low for a dead cat bounce, or just sell and take the loss on your 1090 – your choice. All you can do is once in a while check in on the stock to see if it had any surprise volume, but don’t hold your breath. The last option you have is set a GTC at 0001 and hope some fool comes around and buys you out. That’s about it. GL