Replies to post #321796 on ERHC Energy Inc (ERHE)

[Manti]

If you're in the US, it's too late to sell for tax loss purposes for 2016 tax year. However, you can apply it to 2017 a year from now.

The math is so simple it's a no brainer. If you don't want to miss out on a potential positive gain, buy a million shares at .0001, and then sell the old shares. You'll have 85k that you can use to offset capital gains elsewhere (if you have any) or deduct from your taxable income at the rate of $3,000/year. You can carry it forward until it goes away if you live long enough.

If you don't want to risk the 100 bucks, just sell....

[Snug Harbour]

Hec, your in for $85k, I'd average down if you never have. I don't know how many shares that $85k amounted to but why not double up. You can be happy you didn't continually average down trying to catch the falling knife and you waited till the bottom.

[DegenerateGambler]

I wish my loss was only $85K. I sold all my shares (except those I bought on the offering) about a year ago. My remaining shares are worth 50 cents. Selling now is not worth it unless you can offset gains, which may occur on other investments (stocks, real estate, a business). Best now to wait it out and see if you have gains. Most here are waiting it out to the bitter end. Also, you might have trouble selling at one milray as buyers are few and far between. The end is not far off 2-3 months at best. Do not buy any more shares, you will be throwing the money away.