Remote Dynamics Inc (RMTD)

[Ed the Trader]

"I am presuming that all brokers allow the worthless stock declaration but eTrade definitely does. Just log into your brokerage account and search for something like "worthless stock" and you should find a link to an interface which displays all stocks in your portfolio which your broker will allow you to declare as worthless. If you select one or more, and move forward with the declaration by clicking the appropriate buttons, the stock will be removed from your portfolio."

On eTrade, you log into your brokerage account and then do a "Worthless Security Liquidation Request" at:

https://us.etrade.com/e/t/estation/WorthlessSecurities

The only reasons one would typically do this is because either:

1) the ticker symbol has been de-listed so the stock is now displayed in one's portfolio by CUSIP number and is therefore no longer publicly tradeable, OR

2) one really needs the tax deduction for this year's taxes and the liquidity in the market is not there enough to be able to sell one's shares by the end of the tax year.