InvestorsHub Logo
Followers 7
Posts 1969
Boards Moderated 0
Alias Born 05/23/2005

Re: mary777 post# 297006

Wednesday, 07/02/2008 2:06:17 PM

Wednesday, July 02, 2008 2:06:17 PM

Post# of 315345
He looked it up, said there is no bid and it isn't trading (lately) so Scottrade considers it worthless.

However, I have 2 options:

1) Ask Scottrade to "liquidate" my account of the stock and they will send me a letter for tax write-off purposes.

2) Keep my position (which is what I want to do).

MY CHOICE. They will NOT liquidate without me knowing.

He said the only way that would happen is if the DTC deems the stock worthless, in which case we're all screwed, because the stock is then officially dead.


All thoughts posted here are just that.. mindless ramblings that are only my opinion!

All thoughts posted here are just that.. mindless ramblings that are only my opinion!