Replies to post #19633 on AmbiCom Holdings, Inc. (fka ABHI)

[dg33]

If I sell to the brokerage firm for .01 if it comes back to life I no longer own the shares. Writing a stock down to zero is the way to take the loss and keep the shares. If it comes back you bought it back at zero when you go to sell it. One needs proof of it being valueless and the day it went to zero for IRS purposes to do the write down. Of course check with the IRS/your brokerage firm as opposed to a message on a bulletin board to decide what works best for you.