Colorado Goldfields Inc. (fka CGFI)

[p1928]

A worthless stock usually requires some proof that it is worthless to satisfy the IRS. This is why some brokers, as a courtesy to a client, may purchase your worthless stock for a few bucks.

Just because a stock is not trading does not deem it worthless; the IRS view is that there may be some assets.

Regarding Class "B"; they were never issued in street shares and they never traded on the open market and so there is no established value. Check the Annual Report...when the "B" shares were created the company gave them Zero as a balance sheet value. And they have a zero balance sheet value even today.

Class "B" were not a "dividend"; in reality just a device to create supervoting shares...which were then quickly issued for free to management in a transaction described as having "no material value".