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.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan S. Feingold who wrote (58187)	1/14/1999 5:22:00 AM
From: David Colvin	Respond to of 58324

Would you say it is an absolute one hundred percent probability that the Syquest shares are totally worthless now. Jonathan, It's as simple as this.....your shares are worth exactly whatever you can get someone to pay you for them. In the meantime, outside of possibly a small fee from your brokerage, it costs you nothing to get your shares registered in your name and to get the certificates sent to you. In the event that you have certificates and the stock starts trading again, all you have to do is take them to any stock broker and they will sell them for you. Actually your current brokerage house should sell them for you and you have three days to get the certificates to them and "settle" the transaction. I assume that my Syquest losses will have to be applied to the tax year of 1999. Yes, because you have to sell at a loss (or get the stock declared worthless) in order to claim a loss in the year in which the loss actually occurred. Dave