Replies to post #106993 on 8000 Incorporated (EIGH)

[Brad S]

Call your broker and tell him you want the stock cleared from your account. He'll most likely email you a Worthless Security Form to fill out and return to him. Once he receives the form, he'll clear the stock from your account and you'll be able to write it off on your taxes.

[EarnestDD]

Ask your broker to do a Market sell of your entire EIGH position.
Hopefully you get enough to cover the brokerage commissions.
jmo

[ctrumabll]

Actually, most clearing agencies have a program where they accept surrendered stock for tax loss purposes. The clearing agent gets the stock, and you get the tax write-off. It is the best way when, as may be the case for penny trash like EIGH, the brokerage fee may exceed the value of the stock (and it also avoids EIGH's problems of no market and grey sheets matched trades).