I'm not an accountant, but wouldn't it be likely that you'd need to dispose of the asset before you can write it off as a loss? It shouldn't matter if it's listed or not.
I've got some shares in a company that went into administration and was delisted. But I've got to wait for the whole wind up process to be completed before I can write it off.
Can you please keep us updated with what you discover?
GSW Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
