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