DD Support Board and Research Team

[bar1080]

Koog, the tax implications of that guy's suicide offer lessons too. He had a wife and three kids in their late teens. Owned a small business which he may have borrowed against later on. Taking him at this word, he likely "never sold a share" which means he never benefited from taking a tax loss. He didn't even get $3,000 a year to offset ordinary income. If that was his only stock then he or his estate likely had no gains to offset.

So what become of the perhaps $1 million tax loss? Heirs can't benefit from it. Most likely, it vanished.

So many lessons from one of the cultiest of cult stocks.