Thank you very much Colin. If I may ask one final on this one...how does one determine the value of the warrants which were expired, and ibid regarding the CD2 shares which proved to be worthless as that company never materialized...ie. was a sham....in order to take the loss outside of an IRA.
In review: A $25,000.00 unit gave you:
6,000 cdu restricted shares......not marketable...company a sham
6,000 warrants for cdu...........expired and worthless regardless
10,000 promissory note exchanged for 30,000 shares restricted common
30,000 warrants for TVIN......... expired not excercised
20,000 shares of TVIN (formerly restricted, now fully registered), present value about .07 per sh.
In summary, the only part of the $25,000.00 unit that can be converted to an asset are the 20,000 shares of TVIN and pending 30,000 shares after May 98. Is my loss the difference of the liquidated value to the above TVIN aggregate shares, substracted from the 25K initial investment?
Thanks again. Gordon |
