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Re: Keno2008 post# 5057

Thursday, 05/24/2018 11:08:08 AM

Thursday, May 24, 2018 11:08:08 AM

Post# of 5086

Do you know how I find out if and when GNIN comes back? I’d like to try to unload it on day one to get back something.


It will most likely hit the "Gray Market", which is not a "market" per se. There is no active Gray exchange and no regular MM's. Occasionally a broker is willing to "run interference", finding someone willing to trade. Quite often the broker commissions can be greater be than the proceeds from the sale.

There is nothing more than a miniscule hope that somewhere down the road an investor is looking for a "shell" and is willing to work through getting the GNIN trading suspension lifted. Such a move would be time-consuming and expensive, suggesting it will never happen!

I am holding another suspended "dandy", which went Gray 3 or 4 years ago. It's basically worthless, so the question becomes, "is it better to hold, hoping for a very unlikely miracle, or is it better to take the tax write-off?" In most cases it is probably best to take the tax loss! On the other hand holding is probably "the option", if the security happens to be a part of a Roth IRA. With a Roth, there is no provision for writing off a loss.

ALL OF THE ABOVE IS JUST MY OPINION AND IS NOT BE CONSTRUED AS INVESTMENT ADVICE!

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