Replies to post #138266 on Kraig Biocraft Laboratories Inc (KBLB)

[igotthemojo]

if I remember correctly that stock was around 20 cents a share and traded 50 to 100 mil shares a day and was very volatile while headed downward...shorters were salivating and any professional trader who could, shorted it...profitably..

"They had their product in Walmart, but that wasn't good enough for greedy management they were charged with corruption."

those 2 clowns were scam artists who stumbled onto a real product that actually could have taken off...unfortunately they had no idea how to run a real business..

it broke my heart that theranos was a privately held company and I couldn't short it..lol

"I'm still showing that i have 118,000 shares...I'm not sure I can still even use it as a long term write off on my taxes."

I would think if you discharged those shares you could write off the loss...im sure your tax preparer can advise you on that..

[Suvorov]

Sell your shares to a buddy for $1. Do it on paper with a witness. Then you can write it off, no probs.

The one problem is that if you can't transfer the stock by paper or electronically the IRA may come back and say, you never physically transferred the stock and rule it a no sale.

My 5.5 cents.