Australia's largest stock trading and investment forum Australia's #1 stock forum

CFO

Click for more information

0.00%

0.2¢ cfoam limited

Thank you very much

First 7 Last

Share
Profile

Follow
ajlp

3,398 Posts.

86

07/03/24

07:42

Post #: 72784545
Share

Originally posted by camban: ↑

Usually removal from quotation/delisting from ASX occurs after the two year anniversary of suspension.

At which point you are still a shareholder in the Co but you just can’t use ASX as the exchange in which to buy or sell shares in the Co. You have to find/make alternative arrangements to identify buyers and sellers.

Often, if there’s no value left in the business and your shares are effectively worthless, you can “sell” them to an outfit like delisted.com.au (who will charge you a fee that will exceed the nominal purchase price they are to pay you for the shares - so you are effectively paying them to take the shares off your hands so that you can record it as a capital loss. You could also presumably “sell” them at current estimated value to just about anyone else as an off-market transfer using the form the share registry provides.

Alternatively, wait around for a windup or for the shell to be reborn as something else, and likely relisted, in which case it’s much like a Lotto ticket.

Expand

Thank you very much

CFO Price at posting: 0.2¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

First 7 Last

Add CFO (ASX) to my watchlist