lol... 2.52 billion shares at .0001 is $252,000 100 Million shares at .0001 is $10,000 10 Million shares at .0001 is $1,000 1 Million shares at .0001 is $100
I'm pretty sure nobody is "Losing the Farm" on this play. Go back to watching your soap operas if being overdramatic over a few hundred dollar loss is killing you. Or did you bet the farm? Uh Oh.
'doglover1'? to the contrary, you "CAN" (virtually) sell without a BID!
This is can be executed via the "Worthless Share" clause, done with your broker!
They'll "BUY" (if you will), the entire position, (Deemed Worthless), for about a penny! (depending on the broker)
Therefore, "Trading" at a loss of said position (less one penny -wink!), which you can then claim as a "capital Loss" on your Tax Worksheet!
(RE:your LOSS would be what you've initially paid to opening said stock position, minus one cent!)
And yes, your overall tax refund will be increased accordingly, which is far better than leaving it tied up in a stock that has all but gave profitable returns on one's investment. (wink!)
By the way, some brokers also charges a fee for processing Reverse Stock Splits! Remember, "THAT FEE" is also Tax Deductible and should be added to the total losses claimed on said Stock.
Brokers know this! Even the IRS knows this! (Shame on either if they don't, as it IS their JOB to know this! - Wink!)
All while millions of annual Tax Loss claimers, "DONT" know this, which leaves millions of unclaimed dollars floating in limbo, "Annually"
ooooooohhhhh the wonderful world of Pure financial BS!
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