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Technology Stocks : Zenith - One and Only
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To: Kalyan Kolachala who wrote (6486)12/15/1999 9:10:00 PM
From: MJ  Read Replies (2) of 6570
 
Looking at the quote on Zenith---there is an indication that someone is still in the market. Your broker should be able to ferret this out.

If you can't sell then makes me wonder "why".

My broker sold some of mine. Don't know whether he sold all. Makes me wonder if short covering isn't involved here in someway.

With the bondholders being paid, then I would presume that ZE Common is defunct as day of the judges ruling similar to the declaration of bondholders being paid per her ruling. If I can't sell then I would log it in for this year and then if IRS wants to challenge let them challenge.

You can always amend return in future years if necessary.

You can also call the IRS hotline and get a clerical opinion which may or may not be accurate.

Regret no real answer here---just brainstorming.

mj
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