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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: bigja who wrote (9298)	1/25/2001 10:10:03 AM
From: hobo	Read Replies (1) \| Respond to of 10876

yes i have heard of that one too. remember "Centennial Technologies" ? with the CEO (himself) shipping empty boxes to give the impression that the company was booming .... at one point Centennial was one of the highest high flying stocks in the NYSE well... i got caught in the wrong side... and endured the bs from the bankruptcy court, still, lost a nice chunk. yes, it is one for the tax esquire indeed. i believe the fact that the bankruptcy is finalized and the matter "ressolved" that closes the matter. on the other hand.... those companies that get de-listed and eventually continue to trade in the bb (pink sheets) could be a good example in which the short never gets resolved. having said that.... one must be careful that the issue is not "revived" and the "shell" is used for a more successful venture.... your head could be served to you on a silver platter... in matters of the irs it is best to sleep well at night, i do not believe whatever tax would be "saved" is worth the potential cost of a hidden skeleton that could, one day wake up and pull your feet in the midle of the night. yes... do talk to the tax attorney. good trading