I could have been more to the point and simply said ''sell'.
Depending on the number of shares involved however, it may be difficult to
execute a trade when Kmart is at roughly .007 per share. 100 shares would
net 70 cents, before commissions. Brokers have various policies on .pk and
.ob listings and I suggest you contact your broker directly.

I have had two previous experiences with pink sheet stocks and my broker
provided very poor service in both price and execution ( actual price
received was more than 10% off from 'real time quote', and trade execution
was confirmed more than an hour after placing the trade).

Good luck,

JM


-----Original Message-----
From: kim junker [mailto:vbug_2000@bivio.com]
Sent: Wednesday, April 30, 2003 12:30 AM
To: club_cafe@bivio.com
Subject: club_cafe: RE: K-mart stock


this may sound stupid but what do you mean when you say
"trade out of your position"?
Mostek, Juan wrote:
> The symbol for bankrupt Kmart is KMRTQ.PK and last traded for .007. They
> have filed a plan and it has been approved by the bankruptcy court. I
> believe Kmart will emerge from Chapter #11 in early May.
> I would attempt to trade out of your position and then take a 100% loss
for
> your 2003 tax return.
> Once the company emerges your current shares will no longer trade anywhere
> and they will be completely worthless.
>
> JM
>
>
>
> -----Original Message-----
> From: Joyce Brown [mailto:jbrown@bivio.com]
> Sent: Monday, April 28, 2003 5:34 PM
> To: club_cafe@bivio.com
> Subject: club_cafe: K-mart stock
>
>
> we are unsure if our kmart stock is still able to be redeemed.
> Since they went into bankruptcy, even the symbol is different.
> After a bankruptcy, does that mean we no longer own any kmart stock? ie
all
> is lost?