RE: Tsx Delisting Review Shares
Will show in your account forever until you have them removed ,because they were not sold.
senero i
sino files for bankrupcy in may 2012
sept 2014 sino is bankrupt you still have shares
shareholder writes off shares in march 2013 for a cap loss
shares will still show in your account until you contact your broker have them removed
shares will only be reported as cap gain if someday in the future they are sold.
if shares are sold you will have cap gain 100% .
scenerio 2
shares are bought by Chandler eg say 1.00 then holder has sold shares for cap gain / cap loss
the OSC has stated Sino forest is restricted from trading.
therefore you can not sell shares
you may be able to ask your broker to sell the shares, try this, but wait and see if sino ,or chandler or some company that buys the assets will buy your shares.
i have no skin in the game but i think chandler may buy the company it was his game plan.
you will not get much however someone might buy them.
i did this with 32 shares of western financial when it was bought by desjardins.
broker did not charge anything and got 75% value.
do not write off, take cap loss the shares until your 100% positive they have no value.