My broker classified my adzr shares as a non-transferable security, meaning that the issuer's stock transfer books have been closed for more than six years. As a result, these shares cannot currently be sold on an exchange or in any public market, and we, ML, cannot register these shares in your name or deliver them to you.
As a result these shares were removed from my account.
I have to keep letter as proof of ownership of these shares and in the event the issuer reopens its transfer books, upon my request, they will try to have my position reinstated.
SO MY QUESTION IS:
Can I write off theses shares as a tax write off?
And if I can and do can I have the shares reinstated if the issuer reopens its transfer books?
Thanks for your or anyones answers.
