Selling shares in a company that is suspended and to be delisted

Hello everyone, I'm Steve been a member on here for many years and I just read things and never say anything.
I have a little issue and want to ask some advice.

Years ago I got caught up in the Hydrogen hype and bought some PRL shares and they have not done very well.
These shares have been in suspension for around 2 years, the last announcement says they will be delisting from ASX and proposed listing on NSX listing.

How would I go about getting rid of these shares? I can't find any info on joining the NSX and creating an account.
Any help would be fantastic and thank you. Steve.

Sucks. Haven't bothered about it when in your situation, so no experience but here's the A.I advice from google.
Your broker might do it for you as an 'over the counter' transaction - if it's worth it.
Delisted.com.au might be an option but their website speaks if providing a service by selling your "worthlesss" shares - so doesn't sound like you'd get anything much back. The only benefit to you would be a green light then to use the loss for capital gains tax offset.
Probably someone here will have had an actual experience to relate.

AI Overview

If your shares are delisted, you can still sell them, but not on the exchange anymore. You'll need to sell them over-the-counter (OTC) through a broker who facilitates such transactions or consider contacting a company like deListed Australia.
Here's a more detailed explanation:
Delisting and Trading:
When a company delists, its shares are removed from the stock exchange, meaning they can no longer be traded there. However, investors still own the shares, and they can potentially be sold, but only through alternative methods like over-the-counter (OTC) trading.
Over-the-Counter (OTC) Trading:
OTC trading involves transactions that occur outside of a formal exchange. You'll need to find a broker that facilitates OTC transactions for delisted shares.
Finding a Broker:
Not all brokers handle OTC trading, so you'll need to find one that specializes in delisted securities. You can contact your current broker to see if they offer this service or research brokers that specialize in OTC trading.
deListed Australia:
deListed Australia is a company that specializes in buying and selling delisted shares and tracing lost shares. They can be a potential option for selling your shares.
Tax Implications:
Selling delisted shares can have tax implications. You may need to declare the sale and any capital gains or losses to the ATO. It's advisable to seek professional tax advice to ensure you comply with all tax obligations.

Thank you for the reply finicky.
I have been out of the share trading game for a few years and use CommSec.
When I get home from work tonight I will spend a bit more time looking at deListed
Thanks again and wish me luck. Steve.

Steve71 said:

Hello everyone, I'm Steve been a member on here for many years and I just read things and never say anything.
I have a little issue and want to ask some advice.

Years ago I got caught up in the Hydrogen hype and bought some PRL shares and they have not done very well.
These shares have been in suspension for around 2 years, the last announcement says they will be delisting from ASX and proposed listing on NSX listing.

How would I go about getting rid of these shares? I can't find any info on joining the NSX and creating an account.
Any help would be fantastic and thank you. Steve.

Click to expand...

the NSX is a stock exchange just like the ASX ( only smaller and more anemic )

what you need is a broker that will let you buy or sell your shares

another option is donating your shares to a charity ( and claiming a tax deduction)


despite regular promises by some brokers ( and the NSX ) selling/buying shares via the NSX is not so easy ,

FIRST you might need to find a full-service broker , that will handle the order and that may include a transfer fee to shift those shares to the new broker ( it was $55 per company back in 2011 , i have no idea what the current fee is ) and THEN the new broker's brokerage fee to sell on the NSX )

try here( no guarantee it will solve your problem )

I don't know the NSX, but I'd imagine that stocks on it aren't that liquid and could have wide buy-sell spreads.

Be aware of that if you end up selling there.