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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Patricia who wrote (9747)8/26/1998 6:55:00 PM
From: George C. Grasser  Read Replies (1) | Respond to of 11684
 
Thank you for that information. I was wondering the same thing. But what if it continues to trade around a penny or so indefinitely? I assume we would then have to sell it at a loss, but we could do that in any year we wanted to, as long as it trades,
correct?

George



To: Patricia who wrote (9747)8/26/1998 7:05:00 PM
From: jhild  Read Replies (2) | Respond to of 11684
 
If the shares ever regain value, as long as you treated it as a "Worthless" disposal, I believe, you can treat it as a gain again should it come back, if you restart its basis at 0 and use a transaction date the same as when you declared it worthless. I think all you have to do to protect yourself is just clip a copy of the price quote on the stock on that date into your records.


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