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Technology Stocks : Gandalf Technologies -- Ignore unavailable to you. Want to Upgrade?

To: stock4U who wrote (2671)	10/22/1997 11:29:00 PM
From: Lee Kennedy	Respond to of 2723

Looks as if Gandalf is going to be out of business soon. Does anyone know if we have to sell our stock in order to take a tax loss in the U.S.? Lee

To: stock4U who wrote (2671)	10/25/1997 3:09:00 PM
From: TomX	Read Replies (1) \| Respond to of 2723

From The Ottawa Citizen, Thursday, October 23, 1997: p. F3 - Briefly The court appointed monitor running the affairs of insolvent Gandalf Technologies Inc. has sold the company's last major asset, its maintenance division, to an American company in a $3 million U.S. deal. The sale of the division to DecisionOne of Pennsylvania, a computer maintenance and support operation, will save 45 jobs and boost the American company's presence in Canada. A meeting of creditors of Gandalf will be held Nov. 14. The largest secured creditor, the Royal Bank of Canada, is expected to recover all its $14.5 million debt, while other ordinary creditors may get between 15 to 25 cents for each dollar owed. Shareholders will recover no money. ----- end of article ----- Comment: Will the last shareholder reading this thread be sure to turn out the lights when they leave? Thank you.