NO, losses are not recouped here. But you CAN always claim (recoup) much of your losses here when you file your taxes next year!
This is why I'm not so bothered by the outcome of this stock.
Many of those who are uninformed of their trading options are disgruntled.
But those who are, simply claim their losses on their taxes and move on.
But like I've been saying, the IRS will be getting their butts kicked next tax season. All the losses in these pinksheets will be claimed. LOL!
So get your 1099 TAX forms ready!
You'll be needing it!
Oh but how can you claim capital losses on this stock if you cant sell it?
simple!
Contact your brokerage and suggest a "Sell Worthless Security" option.
They'll buyout the security (this stock), from your portfolio for a penny, plus fee and that is as if you've sold your position for a penny.
Meaning, whatever you originally bought your position for, you've lost all but 1 cent.
That is your claim on your taxes next year!
So, all is never quiet lost!
(Wink-Wink!)
But also remember, this is a pinksheet stock!
They can just as well reinstate their current CUSIP status, Reactivate your shares, now sitting worthless under a Cusip, and go to 50 cents!
LOL!
(The likelihood that'll happen is next to the powers of impossible. But you never know with these pinks.)
But, I have a question, if this stock is complete toast, why is this forum still up for chatting?
Usually a forum is removed on non-trading Delisted stocks.
Maintaining TRUTHS requires 'little to no effort' than Maintaining LIES.
