John S. and Christobel D. Rendall - Page 48

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               C.  Conclusion                                                         
               Petitioners have failed to provide credible evidence that              
          they are entitled to a deduction for the worthlessness in 1997 of           
          Mr. Rendall’s Solv-Ex common stock.                                         
          VI.  Conclusion                                                             
               To reflect the foregoing,                                              

                                                  Decision will be entered            
                                             for respondent.                          

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