anyone a financial Expert. Question about an asset

[dumbpig]

I got only one dillema now that my case is filed and the 341 is in october. I have some stock options at my job that are basically worthless as we are a private company and we are losing money. I told the lawyer abou these as he asked if I had stock or options. He wanted me to get a letter from my company stating no worth. The issue is that no one will say they are worthless as technically someone could offer me money for them.(won't happen) It would cost me 2k to exercise the option to purchase the stock and then I would have no buyer. The issue is he then told me to go to a broker and have them value the stock.

1. How can someone value a stock of a non public company that doesn't publish financials? I don't think anyone in their right mind would legally sign a document stating something is worthless unless they had proof.
a. Therefore I am now in a bad position and not sure what to do as I am not sure how to justify this. Im thinking I shouldn't of said anything but its to late now that the case is finally filed.

[HHM]

Even if the company is losing money, doesn't mean the company has no value.

How large is this company? I presume its not too small if they have stock options.

I honestly don't think you have anything to worry about because the trustee will probably not want them because there is no market for the stock options so the trustee can't easily liquidate them.

As for valuing them for BK purposes, I don't know what to tell you. Your lawyer sounds like he is being over cautious, but the trustee will probably ask for the same documents from you anyway.

[dumbpig]

Thanks HHM. Their are about 50 total employees in the company. I will bring the options info from work and emails I have from my employers on them. I think that should be ok. I really appreciate the time you spend answering my questions.
thanks,