Expert: Steven Taylor - 12/7/2011

Question
I purchased these stocks in 1983 cusip 294260104 became compas electronics inc. in 18 july 1997 bought by aim safety company inc. 1 action safety for 10 compas cusip 00142e 10 8 .can you please tell me what or if they are worth anything, how can I sell them so as I can claim the loss against capital gains for 2011 income tax.
Thanks in advance
Ralph Dekker

Answer
Ralph, from the information I have available, the shares have no current value. AIM Safety became AIM Global, which went into receivership and was delisted in 2003.

Regarding the loss, you need to consult your tax advisor about what documentation you will need to correctly claim the loss in 2011.