Nareen I think you will find that you can't write the investment off or claim a loss until a liquidator declares the company wound up or it resumes trading on the ASX. A couple of years ago there was a company that would buy your shares (off market) for about 1 cent, but only for a window of about 3 months of the year. I'm not sure if it still exists.
Good luck
help, page-3
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