penny stock
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penny stock OK, we admit we bought a penny stock. every now and then we get bored i guess and this was one of those moments. our purchase was apparently the kiss of death and RBCC., Rainbow Coral Corporation is plummeting as I write. we didn't buy a lot, so it's not a disaster, but the disaster is that Bivio doesn' tseem to want anything to do with it. The value of it remains at its original purchase price , including the $9.99 commission for the trade. How do I correctly enter the current value when i run the bivio valuation statement? Apparently , as long s we own it I willl have to manually valuate it for our meetings. keeps life interesting. let me know! Deannie Hi Deannie, In bivio, a stock whose price needs to be updated manually is called an "Unlisted" stock. As you have discovered, you will need to manually input its price every time you perform an action which requires a club valuation. This includes entering member payments and withdrawals, entering expenses allocated "equally" and running valuation reports. When you make those entries, you should be prompted to enter the current price prior to completing them. You will also see a "Value Unlisted" button at the top of the Accounting>Investments list which you can use at any time to enter an updated price. It is important to update to a correct price when making any of the entries noted above. Otherwise your club accounting will be off. So your penny stock is cheap in dollars but a little more expensive in the amount of time it needs to account for it. There's always something! Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio On Thu, Mar 1, 2012 at 3:35 AM, Deannie Rule wrote: OK, we admit we bought a penny stock. every now and then we thanks , laurie. it's how we learn. deannie |
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