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To: Keith Fauci who wrote (3645)10/21/1998 4:57:00 PM
From: Scott H. Davis  Respond to of 3977
 
I use a full service broker for 1 acct, & on-line discount for another
(having it both ways) I got the form from my Pru broker. They don't do a sale or commission, but do have to charge the SEC transaction fee, which is nominal. Hope this helps
(I get to use this on 4 now. What are the odds I'll ever do developmental stage OTC's again? Its called learned via the school of the burned) Scott



To: Keith Fauci who wrote (3645)10/21/1998 7:15:00 PM
From: phoenix  Read Replies (1) | Respond to of 3977
 
Keith,

I had to do this recently with stock in First Enterprise FENT. They went bankrupt. Call your broker. They will send you a form called a REQUEST FOR DISPOSITION OF A NON-TRANSFERABLE SECURITY. Fill out the form. The broker will sell the shares for $1 total, regardless of the number of shares. My broker was National Discount Broker, NDB. The sale closes the transaction for the IRS, allows a basis for the loss, and prevents you from reclaiming the stock at some point in the future.

Roger