SDL sundance resources limited

Hi runfast,I'll preface this by saying you should obtain advice...

  1. 3,910 Posts.
    lightbulb Created with Sketch. 30

    Hi runfast,

    I'll preface this by saying you should obtain advice from an accountant that understands your personal situation etc.

    See below for the type of service available to sell unlisted shares;

    https://www.delisted.com.au/sell-worthless-and-other-securities/

    SDL is on their list of eligible shares to sell using this facility.

    You may want to consider the possible legal action etc underway though. However remote, there may be a chance SDL receives compensation.

    If you continue to hold the unlisted shares and SDL is wound up, a Loss Declaration letter will be issued at a point in the future by the administrator that states the capital loss can be claimed. See below for an example;

    https://www.investogain.com.au/LiqDecl/ABC%20Learning.pdf

    Such a letter may be years into the future depending on legal action etc.

    Cheers!

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.