Plastic2Oil Inc (PTOI)

[Johnik]

trades settle in 3 days, so trades executed today would settle in the New Year and hence not qualify for tax-loss selling. Last day for tax-loss selling was Dec 24.

That might depend on your jurisdiction. For U.S. IRS purposes, the date of sale is the trade date, not the settlement date.

EDIT: here is some very general guidance from the IRS Pub 550. Of course, for specific guidance based on personal circumstances, one is best advised to seek the assistance of a tax professional.

Do not confuse the trade date with the settlement date, which is the date by which the stock must be delivered and payment must be made.

Example.

You are a cash method, calendar year taxpayer. You sold stock at a gain on December 29, 2009. According to the rules of the stock exchange, the sale was closed by delivery of the stock 3 trading days after the sale, on January 4, 2010. You received payment of the sale price on that same day. Report your gain on your 2009 return, even though you received the payment in 2010. The gain is long term or short term depending on whether you held the stock more than 1 year. Your holding period ended on December 29. If you had sold the stock at a loss, you would also report it on your 2009 return.

http://www.irs.gov/publications/p550/ch04.html#en_US_publink100010476