Aviator.I can understand why someone might want to SELL an...

Aviator.

I can understand why someone might want to SELL an unlisted equity position off market to close an account - if you were caught LONG. But to BUY an unlisted equity suggests to me that you are SHORT and need to close out. Holding a short position in an worthless unlisted stock for five months is an interesting feat!

The willingness to pay 20 cents a share for the said worthless stock is equally interesting! I would be rather inclined to leave the account open and keep the $12,000. I suspect that eh AET&D No 1 Non-Voting Shares wont be around for long once the assets held in the AET&D No 2 are sold.

Plainly you have personal circumstances that would explain all this, and it would be rude of me to speculate what they are.

Good luck