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

MikelG
Level 1

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

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BobKamman
Level 15

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.  

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4 Comments 4
sjrcpa
Level 15

It could be a sign that it is.

Why doesn't it trade OTC any more?

Is the company still operating?

MikelG
Level 1

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?

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BobKamman
Level 15

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.  

Terry53029
Level 12
Level 12

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