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Re: DumpsterDiver post# 50956

Monday, 09/24/2012 12:07:35 PM

Monday, September 24, 2012 12:07:35 PM

Post# of 52575
So how will shareholders sell for tax writeoffs
Say if there is no bids at end of year.
You have to sell for a loss to recive a deduction. so if one can't sell because of no bid thus stuck with millions of shares worth .0001 it would still not be a loss because you still own the shares.
I have never been in this situation,and very glad I am not now as well.However;
I suppose One could spend the money to recive Stock certificates,then donate the shares to a charity...Lol... then You would no longer own them right.

Although,I suspect there will be a chance to sell before end of year after the R/S that must come if shiva would like to bump his income.
So I look for a R/S/ before end of Year, so shiva can sell sharply reduced shares next year.

What a way to make a living.
Shiva's motto must be "ONLY IN AMERICA!"

Well so much for my one post per day.

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