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Microcap & Penny Stocks : QDRX
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To: Keith Fauci who wrote (3645)10/21/1998 7:15:00 PM
From: phoenix  Read Replies (1) of 3977
 
Keith,

I had to do this recently with stock in First Enterprise FENT. They went bankrupt. Call your broker. They will send you a form called a REQUEST FOR DISPOSITION OF A NON-TRANSFERABLE SECURITY. Fill out the form. The broker will sell the shares for $1 total, regardless of the number of shares. My broker was National Discount Broker, NDB. The sale closes the transaction for the IRS, allows a basis for the loss, and prevents you from reclaiming the stock at some point in the future.

Roger
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