There are two ways the loss crystallises for tax purposes....

There are two ways the loss crystallises for tax purposes. Either the shares are cancelled or a liquidator declares the shares are worthless.

The last announcement suggested we are going down the second path, and moves will be made to appoimt a liquidator who can make the declaration before 30 June.

Technically speaking, we still own shares in the unlisted entity, so no capital loss has actually occured yet. It's just the entity has bugger all assets now.