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To: reaper who wrote (167099)	5/21/2002 12:38:37 PM
From: Knighty Tin	Respond to of 436258

reaper, With the price at zero, the sale is like an Arab Sheik's divorce. You turn your back and say "I sell thee!" 3 times. <g>

To: reaper who wrote (167099)	5/21/2002 6:57:50 PM
From: John Pitera	Read Replies (1) \| Respond to of 436258

Reaper, it depends why you want to do it. The first thing that comes to mind with this type of question is that you're doing it for tax reasons. To lock in a capital loss. Stocks that are worthless do trade very infrequently (and those are most likely motivated by tax consequences). If you physically have possession of the shares, I would imagine you could sell them to a collector of such things (they are out there, look on the web- do a google search) or even sell them to a friend, The friend would be doing you a favor, But I imagine that you could even argue the case that you were selling said person a really cheap perpetual "option". We've seen companies as big as Enron implode from bad accounting and it's possible that a company that creditors and investors have a claim on and are sure are worthless, in fact have some type of asset that has been worthless, But could become worth something. Unlikely, but so is winning the lottery. I'm not an attorney and I'm not a CPA, You should consult one if the reason you want to do this justifies the cost. John