ET Brutus

ET Brutus buys worthless stock

ET Brutus allows venture capital funds, private equity firms, and corporations to legally, conveniently, and inexpensively recognize investment losses in the tax year of their choice. ET Brutus buys stock of dead or dying private companies for $1, charging a service fee of $35 per position.

Read what the Wall Street Journal said about ET Brutus.

How does ET Brutus work?

1) Email sales@etbrutus.com In the email, attach a scan of the stock certificate. Include the signature block and name of the person who will sign the legal agreement for your investing entity.

2) We will email back the legal agreement. Sign and return the agreement, remit payment to ET Brutus, and send the original stock certificate to:

ET Brutus, LLC
4216 Alta Vista Court
Oceanside CA 92057

3) After we receive the signed legal agreement, payment, and the original stock certificate, we will countersign and remit the purchase price to the investing entity, $1 for each position. We will notify the portfolio company of the transfer of ownership.

Frequently asked questions

How long does this transaction take?

We turn around documents within 24 hours.

How do I know if the tax loss should be recognized this year or not?

Please refer to your tax advisor to determine if you should recognize the tax loss this year. ET Brutus does not provide any investment or tax advice.

What will ET Brutus buy?

Any US or foreign private company stock, note, warrant, SAFE, escrow, or earnout.

Why should I sell to ET Brutus?

Not all investments are winners. Sometimes the entrepreneurs just walk away from their company and never formally close the company. Perhaps your preferred stock was converted to common, and is now worthless. Since the company is still in operation, it can be time consuming, difficult, and expensive to try to prove a tax loss, and may be subject to an audit. If the stock has been sold to ET Brutus, this is a definitive transaction that will survive any audit scrutiny. Some companies may take a year or more to officially close. With ET Brutus, you can recognize the loss in the tax year of your choice.

How safe is this transaction?

ET Brutus has been buying worthless securities from investors since 1999. We know how to quickly handle these transactions so that there are no tax issues.

What is the cost?

We charge $35 per position, and will pay the investing entity $1 for each position we buy.

What is a position?

Each portfolio company stock series for a fund/investing entity is one position, i.e., all Series A in a portfolio company owned by one fund/investing entity is one position, all Common in a portfolio company owned by a fund/investing entity is another position. Each note, warrant, SAFE, escrow, or earnout is one position.

I still have questions, can I talk to someone?

Yes, call 925-998-3532 or email sales@etbrutus.com