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Re: farmer6 post# 48766

Saturday, 10/14/2017 7:08:46 PM

Saturday, October 14, 2017 7:08:46 PM

Post# of 58411

"good time to get the sec to take a look at DNAX while there in the area"

If you want to lose everything, continue complaining to the SEC. The SEC only takes one action in cases like this, and that is to suspend the stock. If that happens, and ticker automatically leaves OTC Pink and permanently becomes a gray market stock.

If someone successfully sells shares of a gray market stock, they typically take a 90% loss to do so. Because it is not possible to sell a .0001 ticker for a lower price, you will probably never sell your shares of DNAX. In order to be able to finally take the tax deduction for the total loss, you will have to ask your broker to buy your entire position for something like one penny.