Indiva Ltd V.NDVA.H

Delisting of NDVA Shares is Next

[davgro]

Following today's announcement by the TSX Venture Exchange that trading of NDVA shares is suspended, the next step will be delisting of the shares which will make them worthless and untradeable

At that point, or if a Cease Trade Order (CTO) is issued, you have the option to use a "Deed of Gift" to transfer the shares to your broker at a zero cost base.  This will produce a record of the disposition of your shares that you can use to claim a capital loss for tax purposes.  Keep in mind that a capital loss is only of value if you held your NDVA shares in an unregistered account.  The capital loss is worthless if the shares were held in a registered account like an RRSP, RRIF or TFSA.

The chance of NDVA shareholders receiving any return for their shares in any restructuring is non-existant at this point.