You can sell if you can find a buyer. If you have a full service...

You can sell if you can find a buyer. If you have a full service broker, they might be able to help you find a buyer for an off-market exchange.

If you have an online broker that just provides you with the ability to place orders on the ASX, you will have to wait for a number of conditions to be satisfied:

1. The stock must be quoted on the ASX
2. The stock will have to be out of pause/halt/suspension
3. The minimum unit price you can specify for your order is $0.001
4. There has to be a buyer. If there are no buyers on the market, you can post your shares at a price of $0.001 and wait for somebody to buy them.
5. Your broker may impose a minimum quantity or value on sell orders.

Now that there is no longer a possibility that the company will be wound up, you won't be able to claim a tax loss until your shares are actually sold.