The shares are now worthless, however disposing to delisted to claim a tax loss could be the best way of recovering some value.
I used them to offload some QIN shares.
Cost $150
They deem the value of shares $1
Claiming the tax loss was worth more than waiting to see if the company shell was going to be reused.
This is a different scenario altogether.
The company must be only moment's away from declaring its going into voluntary administration.
Clee & Co will no doubt receive full benefits, what ever remains may be used up paying administrators, insurance & legal expenses.
I feel for a holders caught up in this dog and its doppelganger VIC.
Hopefully the market offers better opportunities to take advantage of moving forward.
GLTAH
Hashimoto
