Health Sciences Group Inc (HESG)

[VeronicaFox]

FALSE, that’s MISINFORMATION.

FINRA states:

Some firms facilitate the sale of positions held by their customers in low- value OTC equity securities, as defined in FINRA Rule 6420, that they or their customer may deem to be “worthless.” The firm purchases the shares to remove the position from the customer’s account and to enable the customer to claim a capital loss for tax purposes. The purchase price typically is nominal and set solely for purposes of liquidating the position. In some instances, it may not be a per share price, but may be sold, for example, for one penny or one dollar for the entire lot. Hence, these sales sometimes are referred to as “penny for the lot” transactions.

Those executions on the last 4 months Cant and will not be used as Claimed as a loss for tax purpose!!!!