Agree.
The five options holders have right now are:
1. Pay $150 to Delisted:
http://www.delisted.com.au/sell-worthless-and-other-securities
who will take your shares and you can write them off for a tax loss at the end of FY19/20 now.
(Although the company is not actually delisted, but I think they will set-top process your request).
2. Find a buyer and sell off market (almost impossible IMO).
3. Wait until August end of August (next month) and see in the Appendix 4C if BPG paid their 2019/20 ASX listing fees ($25k + GST) by the end of July (Due Date). If they do not, then IMO, it's safe to assume BPG management have given up being a listed company and will be delisted towards the end of the year anyway.
4. As above, but if it appears BPG pay their ASX fees, then I'd assume BPG management intend to keep fighting. They would then have until 31 December to sort out any issues with the ASX, otherwise they'd get automatically delisted at this point due to a continued suspension rule that has been introduced. So keep holding until then, see what happens.
https://search.asx.com.au/s/redirect?collection=asx-meta&url=https%3A%2F%2Fwww.asx.com.au%2Fdocuments%2Frules%2Fgn33_removal_of_entities.pdf&index_url=https%3A%2F%2Fwww.asx.com.au%2Fdocuments%2Frules%2Fgn33_removal_of_entities.pdf&auth=ne40A20CXiUlAaFdzriLpA&profile=web&rank=1&query=Automatic+delisting
5. Believe in this stock/management, Hook up with CT for a beer and stay positive!
