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Gold Seeker

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Gold Seeker

Re: jimtash post# 16137

Wednesday, 03/20/2013 1:39:45 PM

Wednesday, March 20, 2013 1:39:45 PM

Post# of 30046
Jimtash, for the O/S count to go down, there is just one way it happens. Shares have to be turned back in to the TA to be cancelled.

Do you remember a post where I stated the process of taking losses for tax purposes. As a service, brokers will in fact "buy" worthless stock from investors to allow those investors to take losses for tax purposes. The brokers then send the shares back to the TA for "disposal".

Unfortunately, it just allows the lenders to get more shares and they go right back into circulation again.

I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

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