Zecotek Photonics Inc ZMSPF

Healthcare Medical Devices

Zecotek Photonics Inc is in the business of research and development of photonics technologies. The company is focused on creating advanced materials and integrated optoelectronic devices for high-resolution medical imaging, optical precision surgery, and biopharmaceutical research. It operates in three divisions which include Imaging systems, Optronics systems, and 3D display systems with labs located in Canada, Korea, Russia, Singapore, and the U.S.A. The company develops products such as scintillation crystals, solid-state, photodetectors, positron emission tomography scanning components, lasers, and 3D display and 3D printing technologies. These products are used in sectors such as healthcare, scientific and industrial.

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Zecotek Photonics Inc > ZMS and capital loss for tax 2021 purposes

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Comment by Pandoraon Apr 03, 2022 8:01pm

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Post# 34571724

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ZMS and capital loss for tax 2021 purposes

Just wondering if you could say this again in plain simple terms that I, and maybe a couple others, can understand. Presumably it is an explanation of what Faouzi's new company does but.....?

"The new werbold venture is to advise VC's parlaying their experience in failures toward recognising signs of weakness in budding proposals."

Also, in regard to claiming a loss the only thing I can offer is that I was once told that you can request a letter from your brokerage to support the fact that the company no longer has any value -- or words to that effect. That letter would be kept with your tax documents. I'm sure others are more knowledgeable.

slithey wrote: Well years ago they were a real company, with interesting SIPM and scintillating crystal products. Could not compete with Hamamatsu however, and they started a mess of subsidiaries flogging undeveloped projects. I fault them not for failing, but for not shutting it down cleanly. They drained the company to the extent that most of Farouk's salary is still owing him, as is appropriate.

The new werbold venture is to advise VC's parlaying their experience in failures toward recognising signs of weakness in budding proposals. This seems to be a growing trend. Organizations like Founder's Institute have a whole army of mentors with the same credentials. However this requires a level of bullshit that I don't think Farouk is capable of, to his credit.

Anyone have information on how you declare a capital loss on this? I use a discount no advice brokerage.