Tuesday, January 14, 2020 8:35:48 AM
If your average price is $10, you are down $95% at the $0.50 level;
If your average price is $5' you are down 90% at the $0.50 level
If you didn't sell at year end to take a tax loss, wait until year-end 2020 and decide at that point whether to sell for the tax loss or hold for another year.
IF, by some reason for a hail mary (or maybe a rosary of hail mary's) the stock moves up respectfully, then your loss es will be cut down by the amount of share price increase;
IF there is a sale, you MIGHT get something from the liquidation;
IF the company goes 100% belly-up, your loss is at 100% and you take a tax loss on the entire investment.
The smart money got out before the raises and reverse splits. The dreamers hung on hoping for a grand slam in the 9th inning of game 7 of the world series.
As to a class action lawsuit, you will get little if anything in a settlement id there is ANY monwy derived from the company.
JMO
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