TWTI - Total World Telecom Message Board

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Technology Stocks : TWTI - Total World Telecom

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To: Mike Sawyer who wrote (7330)	12/29/1998 12:28:00 PM
From: dwight vickers	Read Replies (2) of 7388

They have to show it as a trade or it will be questioned as to in which year the stock became a total loss for tax purposes. .001 times 20,000 shares is only $20. They can show whatever they want, actually. I wouldn't be surprised if someone (unaware someone) was still buying the stock based on what was hyped on the Raging Bull board a few months back about "short squeezes", once it opens for trading, and other such BS. As we can see it's been trading all along. From what I've been told several times, and in several different circumstances, US tax rules say it has to be a company in the same business and/or (?) someone who continues to operate the business. Canada may be different, I don't know. But we know there is no business left to operate. I'm not a CPA so the details are fuzzy. But the people I've spoken to were CPA exec types who were definitive on the subject. As far as what exactly is going on goes? It's hard to believe that it's any good for the original TWTI shareholders. Glad you're having such a good year, but remember to stand close to the door. The music will stop suddenly, and no one in the band will give you a heads up! Dwight

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