I’m a bit mad at a company FSRNQ that claimed chapter 11 reorganization.. Tuesday the filed to change it to Chapter 7 the your screwed bankruptcy.. I just got the news last night in AH From my brother .. the stock was delisted a couple months ago so news is pretty much non existent.. it’s on the Pink slip exchange !
That forced me to decide fast to dump it and salvage a few Pennys . But I was not allowed to trade it on my account in AH , PreM or even set any type of order till the open .. then it won’t let you use a market order on pinks .. Fidelity damn WTF ! Then the platform froze up and I had to reboot to out in the sell 6 freaking minutes went by .. finally I had to put the sell in as a limit order but the price had dropped to .0012 and it filled .. I got back a whoooping .12 taking a loss of $1288.. at least I won’t be holding a worthless stock and can now use the 1288 as A tax loss write off ..
my brother dumped his @.001 and he has a massive amount but he gets the tax loss writeoff and it will carry over for a few year or more .. it also offset you gains for the year so more profits can be made .. sort of a loose ,, WIN WIN situation!