Fruehauf FTCFQ Message Board

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Microcap & Penny Stocks : Fruehauf FTCFQ

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To: Joe Copia who wrote (41)	4/6/1998 1:00:00 PM
From: Tom Shutters	Read Replies (2) of 74

Joe, I hope the price keeps going and going. The increase is very encouraging and deserves some analysis and attention. Now I would like to get one thing straight and that is that I have no interest in this stock pro or con. I don't own shares and I am not short this stock. I am considering buying back in and I have owned this stock several times in the past. I was more than a little disturbed with my broker over the AERI deal and I spent many sleepless nights because I thought they had pulled something on me. I finally found peace when I found this bit of information. "Worthless Stock - The Motley Fool" fool.com "Q: What do you do with the worthless stock of a liquidated company in terms of taxes?" "A: If you really mean liquidated, you will receive a 1099DIV at the end of the year that shows a liquidating distribution to you (the shareholder). Treat this liquidating distribution as if you sold the stock for the amount of the distribution. The date of "sale" is the date that the distribution actually took place. Then, using your original cost basis in the shares, you can compute your gain or loss (either short-term or long-term)." We know that FTCFQ is in Chapter 11 and not bankruptcy and Mr Street is a turn around expert (according to Forbes). Now that I have tried to answer you question, I have some questions that I would like to know the answers to. a) FTCFQ is basically a shell corporation at this point. When they come out of Chapter 11, what business will they enter? b) Is the Mexico branch producing income and if so why are they not paying their bill to Fruehauf? c) Since the European branch has no employees, are we to assume that there is no business there? d) Is there any evidence of good news other than the great volume and tremendous percentage gains in price? Good luck to all. Tom

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