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This stock has dropped to zero... what happens?

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Old 20-07-2019, 01:39 AM   #1
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This stock has dropped to zero... what happens?

Hi HWZers,

So my parents have this stock NGSC (SGX: B07) in their portfolio (a remnant of their disastrous speculative trading during the Dot com bubble) and they are trying to sell it.

Problem is, the price has already dropped to below the technical minimum of 1/10 of a cent. As a result, there is zero volume in the stock.

Looking at the price chart, it has been trading at zero since 2014. Why it still hasn't been compulsorily delisted?

What to do with this stock? Just leave it in CDP, or withdraw the physical scrip from CDP and use as toilet paper?

I personally am a Boglehead by the way. Any Boglehead threads on this forum?

Last edited by nakedshort; 20-07-2019 at 01:43 AM..
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Old 20-07-2019, 08:21 AM   #2
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No la what 0? It's 0.001 on the SGX website.

Just leave it alone, no point withdrawing it.
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Old 20-07-2019, 10:47 AM   #3
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Hi HWZers,

So my parents have this stock NGSC (SGX: B07) in their portfolio (a remnant of their disastrous speculative trading during the Dot com bubble) and they are trying to sell it.

Problem is, the price has already dropped to below the technical minimum of 1/10 of a cent. As a result, there is zero volume in the stock.

Looking at the price chart, it has been trading at zero since 2014. Why it still hasn't been compulsorily delisted?

What to do with this stock? Just leave it in CDP, or withdraw the physical scrip from CDP and use as toilet paper?

I personally am a Boglehead by the way. Any Boglehead threads on this forum?
Look for shiny things thread in money mind.
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Old 20-07-2019, 11:53 AM   #4
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No la what 0? It's 0.001 on the SGX website.

Just leave it alone, no point withdrawing it.
Just a question, is there a min number of shares if someone wants to sell a counter priced at 0.001? Selling 1000 shares will only be worth $1 so seller still need to pay for commissions and sgx charge?
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Old 20-07-2019, 03:55 PM   #5
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i have a 4k holding that becomes $40...
i just let it rot
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Old 20-07-2019, 04:13 PM   #6
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i have a 4k holding that becomes $40...
i just let it rot
Sry to hear that. Better stay away from penny stocks bah.
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Old 21-07-2019, 07:51 AM   #7
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Unless they’re subject to some country’s tax system where formalizing the capital loss would be valuable, they can just ignore their zombie stock. The minimum broker commission means it’s not practical to sell it, even if it could be sold.

This stock looks like it has always been a penny stock. How many shares are they holding?

Last edited by BBCWatcher; 24-07-2019 at 02:22 AM..
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Old 22-07-2019, 09:21 AM   #8
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Just a question, is there a min number of shares if someone wants to sell a counter priced at 0.001? Selling 1000 shares will only be worth $1 so seller still need to pay for commissions and sgx charge?
Follow board lots lor (100), so if you sell 100 at 0.001, with minimum comm of $25, you owe the brokerage $0.10 + $25 + clearing fees/gst/etc. = $25+

So instead of gaining a paltry $0.10, you lose even more $ by selling! That's why sometimes it's better to let sleeping dogs lie.
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Old 22-07-2019, 02:56 PM   #9
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Follow board lots lor (100), so if you sell 100 at 0.001, with minimum comm of $25, you owe the brokerage $0.10 + $25 + clearing fees/gst/etc. = $25+

So instead of gaining a paltry $0.10, you lose even more $ by selling! That's why sometimes it's better to let sleeping dogs lie.
All the more to force a delist. It's a zombie
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Old 22-07-2019, 03:00 PM   #10
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All the more to force a delist. It's a zombie
So if delist no need to pay commissions right? Haha
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Old 22-07-2019, 04:16 PM   #11
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So if delist no need to pay commissions right? Haha
Lol. Then you become unlisted shareholder la.
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Old 22-07-2019, 08:02 PM   #12
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So if delist no need to pay commissions right? Haha
delist but coy can still continue = they will send you physical share cert
delist becaue bankrupt/no $ = no share certificate

both ways no need pay comms lah unless you sell via your broker.
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Old 22-07-2019, 09:41 PM   #13
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yah got physical share cert frame up nicely to display and collect dividend cheques every year.
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Old 22-07-2019, 10:02 PM   #14
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Just tell your parents to treat the shares like buying Toto.

Don't sell the shares yet.

Who knows with a miracle, the company value can go up by 1,000x.
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Old 22-07-2019, 10:18 PM   #15
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yah got physical share cert frame up nicely to display and collect dividend cheques every year.
Let it be a lesson learnt not to buy anything without knowing abt it.
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