so what happens now?, page-2

AK,
shares have to be Sold to 'realise' a capital loss for tax.
So you'll get a letter sometime from the Receivers giving your options etc etc blah but basically you're going to have to pay some mob about $100 for them to do the 'sell' transaction paper work for you.
Note Well NB that you PAY them the $100.They pay you Zilch no matter how many shares you hold AND you have to "Sell" not write off for Tax Purposes.
but don't take my word for it.

The Company CVI becomes a shell that may in the future be 'taken off the shelf' to be reborn.A listed company shell is worth about $20,000,maybe more.I forget.

but that business about you paying the $100 was how it was back around 1996.

Yes shares can go down and down to Worthlessness.That's why d'Double Down is Dreaded.

happy trading.