Trying to sell paper stock certificates from UK.

[bmcgonig]

I have some paper stock certificates of a company in UK that I want to sell to get a tax loss. The company has a market cap of about $130 million and trades around $2.

I’m an E*Trade and Schwab customer. E*trade doesn’t even want to deal in these stocks. Schwab told me that the market cap of the company needs to be $500 million or the stock must be $5 for them to sell it. Slim chance of the stock getting there.

Any ideas on how to get a sale here? It’s a decent size loss so I don’t really care what I sell it for, just need the tax loss proof for the IRS. I’m assuming I need some proof for them.

Thanks.

 

[MRG]

Who is the Transfer Agent? They generally will take them.

 

[Sunset]

Out of interest, what is the name of the company, and how many shares do you have ?

 

[bmcgonig]

Out of interest, what is the name of the company, and how many shares do you have ?

Company is Trinity Exploration. 11000 shares. Used to be 110000 shares of a previous company called Bayfield Energy. You know how those 1:10 reverse splits go [emoji849]

 

[bmcgonig]

Who is the Transfer Agent? They generally will take them.

I’ll try to find out.

 

[bmcgonig]

If I sold them to a private individual in uk who could then deposit them would some proof of that sale be sufficient for the IRS?