TEX 0.00% 8.0¢ target energy limited

I am currently going through my father's financial affairs (he...

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    I am currently going through my father's financial affairs (he has dementia). He has 12,500 Target Energy shares (they are showing on his Advanced Share Registry online account - I see they are worth practically nothing now).
    Was he supposed to sell them before the company went into liquidation and was that the only option?
 
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Currently unlisted public company.

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