Monday, October 07, 2013 3:41:55 PM
Reality is this is shutdown. The SEC will in all good time finish them off via an administrative process.
If you want to realize the loss your only option may be to sell the stock to a friend who is at the same broker as you. Here is how you could do it. Say you have 100,000 shares. Get a friend to buy them from you for $0.0005 per share. The cost to you would be $50 plus the commission which you give to your friend.
Yup, its another small amount of cash out of your pocket but if you want the tax loss there may be no other way.
Note: you can essentially pick any price and lower the cash cost.
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