Good point, indeed. I just posted that brokers can eliminate worthless stock fairly easily if so desired.
I've not cleaned out my collection of worthless securities (including SMNG) just in case or as a reminder of tuition paid for lesson learned.
I once owned Laforza stock and sold at a loss before it went to worthless. And then, shortly thereafter............
1. in Sep.2006, LFZA jumps from 0.0002 to 0.006 - no one notices.
2. Oct.11/2006 – News about LFZA reverse merging with US Sustainable Energy Corp. LFZA opens at 0.016 and runs to 0.15.
3. O/S is 146 million, Float 80 mil (+ 500 mil restricted?)
4. Oct.24 - Oct.27 – LFZA PR cycle begins a run from 0.125 to 0.85
5. Nov.1 - LFZA changes symbol to USSE. Completing a run from 0.0002 to 0.84 or 420,000%.
A case of shoulda, woulda, coulda. Dang, that would have been slicker than teddy bear poop.
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"Sometimes, business decisions must be based not on economics,
but on what's right." ~ Ivan Howes
