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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: TLWatson59 who wrote (39138)1/29/1998 11:26:00 AM
From: FTJoe   of 55532
 
Before this comedy is over you may not even be able establish a tax loss if trading does not resume.

I don't think that's true TLW. If you can't trade it you can declare it a loss. I've heard you can just declare it unsalable as long as you show reasonable effort to try and sell. I'm sure that applies to halted stocks. I would assume if it starts trading again you might have to amend the position you posted to the IRS, but I don't believe you are ever "stuck".

FYI - I got rid of that MMRX crap for 1 penny, no commission on Dec 31. Penny lot sale I believe it's called, broker takes it and pays you 1 penny.
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