What happens when a share price goes to $0.00?

The price can't go negative. It will likely be delisted before it reaches zero. Once the stock is worthless, you can write off the capital loss on your tax return.

In order for the stock to go to zero, the company's liabilites would have to be greater than it's assets (it owes more than it ownes) and in that case, the company would likely be looking to declair bankrupcy, in which case, the stock shareholders would be paid only after all the creditors were paid. And if they owe more than they own, that means shareholders would end up with nothing.

Take a look at the company you're invested in. Are their fincial fundamentals strong, do they have a plan to make it through this recession? If you believe in their plan, stick with the company... Otherwise, get out, cut your losses, and get your tax benefit.

I hope that helps.

1

If you bought the stock "long," that is, betting that the share price will rise (which you probably did) as opposed to "shorting the stock" (you would know if you had), then you can just "turn out the lights and go home" because your investment no longer exists. But the "good news" is that it can't get any worse for you than that. (It's amazing how bad, "good news" can be sometime. Believe me, I share your pain!)

As long as you don;t own the stock on margin, meaning you paid for it fully in cash, you can not lose more than you invested.

.09 cents seems like a dying stock. Start looking at it as a potential tax loss. Talk to your accountant before Dec is over about tax loss selling.

no the price can not go into the negative but if you are owning a stock for nine cents then you sure screwed your self. you could probably just hang on to it to wait for it to go back up cuz whats another nine cents going to do if it does go to 0.00. i would hang on to it.

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Then the company flies to Washington DC in their private jet and asks for a hand-out; no business plan required.

No, it can't. Just wait. There isn't anything else to lose.

get out of their it aint even worth it

just sell it