Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: JERRY GACH who wrote (4036)	12/31/1998 9:42:00 AM
From: steve goldman	Read Replies (3) \| Respond to of 4969

Hi Jerry! A few ideas... 1. ask the brokerage firm for a valueless security form..its a sheet of papers declaring that there is no market for the stock and thus it is valueless based on a call to three broker dealers. 2. ask the firm to buy the position from you for one dollar. I forget the name of the form...i think its Disposition of Valueless security. The firm or the clearing firm will buy the whole position for one buck..not per share...but the whole position..this gives you a sale price.. 3. ask your accountant what other options you have available to you. 4. If the firm is real nice, maybe they will buy it from you for the dollar to clean out your position...or cross it to a freind. regards, steve@yamner.com