Some folks on the board asked that I post the results of sending in the Worthless Securities Form through ETrade since QBID cannot be sold even @ Market.
I mailed the Form in to ETrade on 12-13 and recieved a confirmation of Sale this morning via email. I verified in my Acct Records that QBID has been reliquished. Per my original message there were 2 requirements to declare a security 'worthless'. THE STOCK MUST HAVE NO BID "AND" (not or) NO AVAILABLE MARKET.
The details indicated that the stock was sold @ .01 but obvioulsy this was a bit inaccurate. I think ETrade's Sell Form just doesn't accomodate ALL the extra zero's...haha :) Please note I'm not encouraging anyone to Sell with my posts nor am I attempting to discourage anyone from buying.
Hypothetically if I were a prospecting investor I might take note of the FACT that QBID currently has no bid AND no available market; at least according to Etrade.
Thank you and good luck to all who are still in. I wish you success. Happy Holidays
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