Well the IRS defines worthless in its code, and makes you do alot to prove it worthless.
I basically sold my shares for 1-cent total to Scottrade itself making it a legal trade.
"Instead of doing all the research involved with proving to the IRS that a security is worthless, consider selling the security to your broker. That way, you actually have a confirmed sale to establish value. Also, if the security is worth a few dollars, you can lock in the capital loss deduction immediately without waiting for the security to be completely worthless. It is imperative that the transfer of the security be a valid sale."
9 CKYS buys from October 13, 2006 to December 13, 2006. Still bagholding!