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Microcap & Penny Stocks : GIFS
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To: buzzlite who wrote (6170)5/5/1997 12:06:00 PM
From: Marc T. McCurry   of 8012
 
Buzz - you can always deduct the loss on Schedule D; it's just schedule A that is kind of gray at this point in time. I agree - I hope the money is used to make life miserable for those responsible. If we get anything in a class action suit, I'll probably donate my "winnings," which will be like $100-$200, if that, in a symbolic gesture to the government agency that hopefully locks them all up forever. This is the first time in my life that I have been lied to and basically cheated and used. It may seem silly, but I am having a harder time with that than my enormous loss. In all my years in the profession, this is the first time I have even thought to question the validity of audited financials. Like many others, I look at financials as being correct because I knew the penalties associated with them being wrong. Lesson learned -- I trust nothing anymore.

Later Buzz - good talking to you the other day. MTM
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