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Canadian Stocks/Newstar Resources

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Question
I have 1000 shares of this company. Is it a writeoff

Answer
John, from the information I have available, the shares have no current value. Newstar ran into serious financial difficulty in the late 1990's and its two operating units went bankrupt. The stock was suspended, delisted and cease-traded in 1999 and was never able to correct its problems and return to trading.

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Steven Taylor

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Canadian stocks, including growth and resource companies.

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