Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: mike wood who wrote (1205)	1/31/2002 4:46:45 PM
From: M. Merriam	Read Replies (1) \| Respond to of 1208

My understanding is that to declare a loss without selling, there has to be no reasonable prospect of the company having any future value whatsoever. A letter from your broker or from Nathan to that effect would probably be all that the tax people would require (if they ever require anything). You get to keep the worthless certificates for wallpaper. Or you could sell them for a nominal amount to an arms-length party. Then the purchaser would get the certificates. This method of claiming the loss would likely look cleaner to tax authorities. Anyone talk to Nathan? Is he even following this at all anymore? Mike