I'd get advice before I did that especially if there is possible claim or class action at some point. I think delisted had a ATO class ruling but worth checking. Those firms will often just get you to sign stat dec and offmarket transfer form and it possibly gives you the ability to write off in that tax year in Australia. Charge $50 -100 They may never transact out of your name if a registry won't action the transfer.
At some point administrator / liquidator will declare shares of no value if you wait. It may take years.
A big hint when you get caught in a crap stock going down the tube is to transfer from broker sponsored to registry sponsored early. It gives you the freedom to do a off market yourself and have it processed by registry. When suspended ASX brokers have the sponsored holding locked so you can't move stock until relisted or delisted formally. .As company in trouble becomes delisted and then in admin or whatever the administrators often lock the registry to save communication costs and to stop transaction registry costs . Then they take forever to make formal declaration of zero possible return.
HML Price at posting:
$1.99 Sentiment: None Disclosure: Not Held
