club_cafe: Re: How to report bankruptcy of a stock

iras1 on

This stock was declared worthless on 12/2/2002. See the following:

http://www.nasdaqtrader.com/trader/news/2002/upcnotices/176-02.pdf

The easiest way to deal with this is to enter a sale on 12/31/2002 for $0. This will create the appropriate capital loss and remove the shares from your account.

Ira Smilovitz

In a message dated 02/19/03 9:05:40 AM Eastern Standard Time, cwo3usn@bivio.com writes:

Our club also has one of these thorny issues to deal with.
The stock is (was) listed as NSPQE.OB (Inspire Insurance
Solutions, Inc) We know it is of no value but do not know
how to get it off our books. Any help would be appreciated.
Al

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