It doesn't really work that way Gantz.Firstly the share price as...

It doesn't really work that way Gantz.

Firstly the share price as listed on the ASX can't actually go to 0.000. The reason being that the lowest price that can be entered for either a buy or sell order is 0.001. Noting that the quoted "share price" is nothing more than the price of the last transaction that went through on market and the minimum buy order price which can be matched by the trading engine is 0.001, its not possible for the share price to drop below 0.001 on market. Worst case is that there are 1 billion shares listed for sale at 0.001 and no buy orders listed.

Secondly if the company is delisted for whatever reason or the share price drops to the minimum possible that doesn't mean that "ur no longer a holder". That is blatently incorrect. Shareholders are the owners of the company. Shares are equity unlike options and many other forms of security. The value of its shares as quoted on any exchange is completely and utterly irrelevant to the validity of the equity interest of each share and shareholder. That equity interest remains in tact even if the company goes into receivership. That equity might not prove to be worth much but it is wrong to say that you cease to be a shareholder as a result of there being no buyers for the shares or the ASX refusing their listing.