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Technology Stocks : 2TheMart.com TMRT -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (1196)	8/31/1999 8:00:00 PM
From: realmoney	Read Replies (2) \| Respond to of 1494

I'll answer for Flodyie if it's OK with him. If it gets halted, it will most likely be for 10 days while the SEC does a little digging. If it comes back at all, it will be in the pink sheets. They will then have to convince a market maker to file a 15c211 on their behalf to get back to the BB market. In short, you'll be covering in the pinks for a few pennies. Let's say it doesn't get halted. Well then you just sit back and watch it fall on its own. Ask yourself, who would buy it now? Only shorts with an itchy trigger finger. It still has a $120,000,000.00 market cap, for God's sake, and should not be covered for more than a buck or two.

To: TraderXx who wrote (1196)	8/31/1999 9:32:00 PM
From: Smilodon	Respond to of 1494

Let me add a little to that: As long as you have a bid for the stock, you don't have to declare a gain, even if the company is bankrupt. And usually, the bankrupt shells still trade a little. Now, think about that. If you have a decent broker, your position will be marked to market, which is hopefully a few pennies. You will have your gains and capital free to invest elsewhere. And you don't have a realized gain. Essentially, a go to zero short is tax free, at least for a while. Ultimately, the IRS will make you declare a gain when the security is deemed "substantially worthless," but there is some debate on exactly when that is. These are future topics for you and your accountant to discuss should this turn out like we all expect. And while a halt would be great, just riding this out to bankruptcy will be just as good. Regards, Archer