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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly! -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (2579)2/5/1998 8:21:00 PM
From: John Goodman  Read Replies (1) | Respond to of 2840
 
Steve:

I asked my accountant about treating STLC stock as a loss for 1997. Being the conservative type he is, he advised that I do not use it as a loss until the stock is actually cancelled. He recons that as long as it continues to trade, it is viable. I must heed this advice and wait until STLC is actually suspended.

All the best to you,

John



To: Roads End who wrote (2579)2/5/1998 8:29:00 PM
From: stock bull  Read Replies (1) | Respond to of 2840
 
Riechers, I think the stock is declared worthless on the date that the court closes the case. I am not a tax accountant, and am only offering my opinion. You might call the company (Hammer) and see if they will give you their opinion. (I know this sounds like a stupid idea.)

Of course, your best bet is to consult with a CPA.

Stock Bull


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