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If no contract exists then the date of the transfer is when the...

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McKhenry

5,274 Posts.

852

04/08/22

17:01

Post #: 62928304
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Originally posted by retiredyoung: ↑

I think before we can claim a loss we need to wait until the receivers declare the shares 'worthless' (which in this ASX announcement they have indicated that this is likely going to be the case). Otherwise we could sell them to someone like Delisted.com.au.

See Worthless shares you may sell:
https://www.delisted.com.au/sell-worthless-and-other-securities/

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If no contract exists then the date of the transfer is when the loss is realised, if you enter into a contract to sell, then you are able to realise the loss at the contract date as far as I am aware.

BUD Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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