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Ann: Removal from Official List - Annual Listing Fees, page-80

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08/09/18

13:10

Post #: 35476677
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Originally posted by Busy Bean ↑

OK let's clear up a few points...

Your shares still exist, you still have them. The only difference is they are no longer listed on the ASX exchange. You now own shares in a private company.

If BIG is wound up at end of administration process, your shares will be cancelled and that triggers a CGT event so you can claim the capital loss.

If BIG continues to operate after the administration process has been completed, then you have two options. Firstly you can just continue to hold the shares forever, just like any other shareholder of a private company. There is always the small chance the company might have some value again someday. Secondly you could sell your shares to delisted.com and that would trigger a CGT event so you can claim the capital loss. The second option is only worth doing if you have some other capital gains to offset, otherwise better to just hold onto them and see what happens.

I've already spoken to hotcopper admin and they've confirmed this forum will remain open for the time being.

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So, what then is the value of our shares when Big continues to operate as a private company (and remains unlisted on the asx) and you can't sell them? Wouldn't it just be better than to sell them for peanuts on delisted.com?

BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Held
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