S_P:
Your tale of woe matches my own on several investments. I think I've sung the blues about it before on our shared forums. All I have left to say is I think the stock market is rife with thieves and scoundrels, certainly not a safe place for any funds we count on for future income.
You'll remember I was touting PCFG as a great company. They just did a dreaded reverse split. DGRI has gone silent and fallen into the trips. Nothing is as it seems anymore. Pardon my cynicism, but this is beyond risk, it's theft. I just don't know who the thieves really are. I suspect the too big to prosecute banks and broker/dealers are the scoundrels. But dishonest CEOs are certainly a possibility.
I agree with your plan to cash out your IRA and take the hit, then convert to a much larger stack. We are on our own. I don't trust the government to continue to pay my pension and am fortunate to have put money away throughout my career and doing well before the crash. I'm of the strong opinion that if we don't have an asset in our own control, we don't really own it. The rule of law is nonexistent. I'm ashamed to be a member of the bar.
You'll remember I was touting PCFG as a great company. They just did a dreaded reverse split. DGRI has gone silent and fallen into the trips.
I wish you great success as you maneuver through the minefield.
xjag
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