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Alias Born | 11/10/2008 |
Friday, November 26, 2021 10:09:25 AM
It has been a long time since LAHO share trade went defunct. I assume, as I did, many SHs had to ponder 'keep the shares or get rid of them as a tax loss'.
I stuck with mine but I still assume some SHs wrote those shares off. As many Pinky traders know, you can request that your broker clear your account of these 'assets' so that you can claim the tax wash. You get practically nothing for your "sale" of these shares.
Those shares still exist as far as I know...the question is where do they exist? Does some 'enterprise' still have an account of them? Get ready! Here it comes... do they get to participate in the cash distribution?
The thought of it bugs me. Somewhere in the void of my mind I sense that those shares are in fact off the books. Account of shares in existence have been reduced.
If so, are our shares going to reflect a value increase? $8M distributed amongst 'remaining shares'?
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