Replies to post #24210 on Bourque Industries Inc (BORK)

[KZMike]

Bob,

There was a discussion on the board here about a month ago. . . MerthyQ summed up best, saying that it is best to get professional advice. I would say that with the stock still being traded. There are 'risks' involved. . . and not knowing how IRS rules apply to restricted and/or unregistered stock certificates, I'm not wanting to incur any added risk or expense to find out.

For me and what I know, I'd not write anything off at this point since the risks are not worth messing with as I would think there are some complicated IRS rules in some circumstances, by writing something off as worthless, prior to it actually being 'worthless'.

I also think we'll know more on where BORK is going in the next several months and am patient enough to get a final/definitive answer then.

I still have BAM shares and will see what unfolds over the remainder of 2016. . .its a risk vs reward thing for me and I'm risk averse. JB/CJ did tell me that there could be some help from BORK for BAM share holders once there are some brighter days for BORK.

Reviewing that last statement sounds like an oxymoron at this point after investing in BORK and not seeing any reward/profit. . . YET!


Regards,
KZM

[gotmilk]

Bob, I have no experience or insight into restricted and unregistered stock for an IRS declaration.

Google [writing off for claiming a loss on restricted or unregistered Stock Certificates] does list many hits, but most seem to be business oriented so variations of the search string may obtain better results.

Google [stock attorney] list many, and most of their web sites includes upfront discussions that may include the topic you are interested in. Plus, some may allow you to ask a question for a free response that may lead to a low cost more detailed response that could satisfy your inquiry.

Its just my opinion, but my recent feedback from Juan Mendoza (Director and Chief Security Officer at Bourque Industries) has been positive in that Kryron is real and has this year shown positive results that will in 2016 result in product applications that will bring substantial revenues into Bourque Industries. Thus, my stand is to hold and recommend no one to consider any path for taking tax losses.

Juan is reachable using phone number and e-mail, as been posted many times on this board. All one needs to consider, as a possibility, is that he is truthful.

Doug