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Wednesday, December 10, 2008 9:13:09 AM
You may recall I called Scottrade and asked how do I sell the 6 shares I have in HISU.
I was originally told to fill out and mail in a “Request for Removal of Worthless Securities” form. That was Monday. I got a call last night about an hour and a half after the market closed and was told that the form I mailed in would not work because the stock is still trading and that I would have to sell my shares. So last night the broker suggested I low-ball the price to .16. I checked my Scottrade account and found that I have an open order to sell 6 shares at .16. He said I would probably get a little more than the .16.
So if you see 6 shares traded today it won’t be an MM it will be my shares and I am not an MM.
Risktaker I asked about the charge and was told that it would be $7 and it would be debited to my account.
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