Also for jdmonte's benefit this post is a demonstration of sharing information.
As we have no idea if AOW will surface again and as the end of financial year approaches, some might be interested in being able to write off their shareholdings in this rabble company even thought company is currently delisted from the ASX.
To do the above, read the following and the link i have provided and for a small fee (which you can probably also claim on your tax) a company called DELISTED AUSTRALIA will take them off your hands which then allows you to claim your loss and or offset your profit.
It might be a bit hasty to get them off your hands just yet as one would have thought the mob of zero's that have taken our hard earned over the last couple of years would have the decency to issue a company announcement. Yes that is what one calls getting sh** done!!
Worthless shares you may sell
SPECIAL NOTE 24 MARCH 2020:
If you have been selling your shares recently you may have significant capital gains that will need to be declared in tax year 2019/20. We recommend you also look at shares that you are not able to sell, perhaps because the companies are in administration, are delisted or suspended from quotation (see also Step 1 below). We may be able to assist before 30 June 2020 in crystallising losses to help offset your CGT exposure.
Since 2003 we have been acquiring Worthless Securities in companies that are no longer quoted on an Australian stock exchange.
While it may be an easy process for you, it has to be more than just a simple transfer between associated parties and should always be conducted professionally. Please proceed via the three steps below.
We are not just an authorised representative of a licensed firm, we are directly licensed by ASIC and our service is widely recommended within the financial industry. Recommended because of our long involvement in monitoring and reporting on developments with failed companies, whether listed or delisted.
The shares and other securities we acquire, may be currently registered in your name or in the name of a custodian (eg Wrap platform shares). We recommend you seek independent professional advice before selling your securities, your accountant is probably the best person.
The worthless share transaction should facilitate for you, the crystallisation of a capital loss for tax purposes and/or the closure of an account.
