BIG 0.00% $2.22 big un limited

Trading Loss this year, page-53

  1. 2,132 Posts.
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    I’m longer sure when the transfer will take place. I had assumed that delisted will transfer when big was still suspended. I’m no lawyer but would speculate that they are also unable to transfer registered ownership under rules of asx so the transfer of ownership form outlines the seller and buyer and terms and the declaration of trust outlines that you will hold the shares sold on behalf of delisted until the registration.

    Below is some wording on declaration form. Again don’t take this as being necessarily correct but in your position it may be worth seeing if you can utilise both forms with a different party and partial sale of shares to crystallise the loss. They have told me loss is crystallised as soOn as buyer receives the forms so at that point the transfer would not be registered and I would be holding in trust.

    You would use the list of worthless shares that delisted has that has big on it to justify they are worthless to ATOI have provided a screenshot above in a prior post.

    Again to all - DYOR it’s speculation on my part


    Declaration of Trust


    I/We:
    Name / address
    being the registered holder(s) of the following securities:
    ( Xxx number)ORDINARY FULLY PAID SHARES IN BIG UN LIMITED
    hereby declare that I/we will hold these securities on trust for INVESTOGAIN LIMITED until the transfer of the said securities is
    registered
 
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