Home > Boards > US OTC > Delisted > First China Pharmaceutical Group, Inc.(fka FCPG)

Hey LTO, it looks like since this company

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fcpgalltheway   Monday, 02/08/16 02:21:06 PM
Re: LongTimeObserver post# 13461
Post # of 13509 
Hey LTO, it looks like since this company collapsed nobody is even attempting to post a message on this board! They all took their losses in their income taxes this year to offset any gains that they made and they have no further interest in what this company is doing in China--and if ever it will return to OTC exchange.

The bad part is that if the loss was taken from your IRA account it is a real loss that can only be accounted against the overall balance that you have in IRA account. You can't carry over the loss into future gains that you might make when you trade outside the IRA account. A loss into an IRA account basically means that you have less money that you can pull out in the future when you reach a certain age and start withdrawing. Can you imagine someone having $100,000 into an IRA account and hoping that FCPG would have increased that amount threefold, and instead it decreased the balance to a mere $10,000. All that money lost and you cannot offset that loss against anything. And if you reach the age when you must withdraw funds from the IRA as a pension, and you spread the balance over 10 years you end up receiving a pension of $100 a month....AND IN THE MEANTIME SOB WANG IS LAUGHING EVERY DAY THINKING OF HOW HE OUTWITTED THE STUPID AMERICAN SHAREHOLDERS AND EVERYONE ELSE.

This is the first time that I feel so angry toward one individual--Wang--who has done so much damage to me(and others) and is still able to get away with this crime and is immune from the law.

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