View Single Post
Old 01-14-2012, 12:28 PM  
Socks
Confirmed User
 
Industry Role:
Join Date: May 2002
Location: Toronto
Posts: 8,478
Quote:
Originally Posted by k0nr4d View Post
What happens if you have stocks in a company that gets delisted? Not that I do of course, just curious.
You wait until you get a letter that says they've changed names and are using what money they have left to "invest" with (ie: keep a few board members in a salaried job). Then you sell them for next to nothing in a year where it benefits you to write off the capital losses.
Socks is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote