The suspension is over and the stock did drop hard
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Posted On: 06/07/2018 11:00:00 AM
The suspension is over and the stock did drop hard.
At this point if you want to sell this grey market stock, contact your broker and ask him/her to find a buyer for your lot. There have been some interesting low volume sales since the suspension lifted, which means people are trading, though very minimally because the process requires broker A to find broker B who's got a client willing to buy what broker A is selling.
Then you'll have an official trade and a documented loss.
At this point if you want to sell this grey market stock, contact your broker and ask him/her to find a buyer for your lot. There have been some interesting low volume sales since the suspension lifted, which means people are trading, though very minimally because the process requires broker A to find broker B who's got a client willing to buy what broker A is selling.
Then you'll have an official trade and a documented loss.
Quote:
Posted On: 06/07/2018 9:33:08 AM
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Posted By: joey68
Re: layzieman32 #40530
Youre referring to something called Passive Activity Loss (fancy IRS term) which happens during a period called a suspended loss.
unfortunately, this only applies to real estate and other entities; not stocks such as BLTA.
https://www.investopedia.com/terms/s/suspended-loss.asp
https://ttlc.intuit.com/questions/3882175-i-h...ital-gains
Pretty much, you cant do anything with your suspended BLTA stock. just be careful because most times, once a suspension is removed, the stock will drop hard
Read More: https://investorshangout.com/post/view?id=507...z5HkfZJvWK
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