MTCI - Will it live out the year ??? Message Board

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Microcap & Penny Stocks : MTCI - Will it live out the year ???

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To: WalleyB who wrote (1299)	7/22/1999 3:31:00 PM
From: TLWatson59	Read Replies (1) of 1336

How much could your liability be between the last sale indicated at one penny and what you claimed as a total loss? Before you ever declare a stock purchase a total loss to the IRS, you should first call your broker to verify that there is no bid for the stock and check with the transfer agent to see if the company filed for bankruptcy. In any event most reputable brokerage firms for a minimal charge will buy the stock from you and provide you with proof of sale so you avoid this kind of situation. We all learn lessons in life. Some cost more than others.

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