Thanks Monster.Can I sell my shares? Or even give them away?!...

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prodigy1

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11/09/21

15:27

Post #: 55993164
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Originally posted by Monster768: ↑

How could you claim a capital loss if you haven't sold the shares and haven't triggered any CGT event? You still own the FDM shares, and they are just not listed on the ASX anymore. They are now issuer sponsored. The company is still going apparently. This is what delisted says about it:

19/05/2021:
The Company has exited administration today. The new Board of Directors has set a new vision and direction for Freedom, one that brings Freedom inline with the energy demands of the 21st century and the expectations of the global community in which Freedom operates. The new Board of Directors of Freedom looks forward to working with the shareholders to build Freedom Oil and Gas Limited into a successful and profitable energy company. In connection with the Varied Deed of Company Arrangement, the Company has closed a A$30,000 placement, issuing 150,000,000 fully paid ordinary shares at A$0.0002 a share to an unrelated party under the Varied Deed of Company Arrangement using its Listing Rule 7.1 capacity.

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Thanks Monster.

Can I sell my shares? Or even give them away?! lol

What confuses me is I have had the same thing happen with another company I invested in I.e Chess to Issuer Conversion. Upon calling the company I was told I am no longer on the registrar - I am still trying to work out what happened in that scenario!

FDM Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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