BNB babcock & brown limited

hi all, as a novice investor (or as it would seem, gambler), may...

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    hi all, as a novice investor (or as it would seem, gambler), may i ask for confirmation of the following from the more knowledgeable members please?

    1) BNB is not dead - yet
    2) shares are worthless
    3) note holders have been offered a whopping 10c ps

    OK, if #2 is true, my shares are worth zip - yet i cant claim a capital loss on them until i sell them - but even though #1 is true, i CANT?

    Is this a catch 22 or is there a way out? IE, a way to claim the loss even though i cant sell the stinking useless poker chips? i mean shares.

    Thanks in advance.
 
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