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MikelG
Level 2
December 7, 2021

If a company's stock has stopped trading for several months does that prove stock is worthless?

  • December 7, 2021
  • 2 replies
  • 19 views

Company previously traded over the counter until September when it stopped trading.  Is that enough to prove the stock is worthless?

    This topic has been closed for replies.

    2 replies

    sjrcpa
    sjrcpa
    Level 15
    December 8, 2021

    It could be a sign that it is.

    Why doesn't it trade OTC any more?

    Is the company still operating?

    The more I know the more I don’t know.
      M
      MikelGAuthor
      Level 2
      December 8, 2021

      Thank you for your response.  As far as I know the company is still operating and is not in bankruptcy.  It has an OTC ticker symbol but there have been no trades since September when it sold for $0.01.  I cannot find a current balance sheet for the company.  Do you think taking a screen shot of the last trade would be sufficient proof that the stock is worthless?

      BobKamman
      BobKamman
      Level 15
      December 8, 2021

      No, that is definitely not evidence that it is worthless.  Some brokers will buy it from customers for $1 as long as they pay a $25 commission -- you might explore that route.  

        T
        Terry53029Intuit Community Champion
        Intuit Community Champion
        December 9, 2021

        Some brokers will buy the stock from you for 1 cents just to give clients closure, and they will mail you a 1099.

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