I have another company that was public go to the "revoked: status........my shares are still in my brokerage firm and they are still held there. You don't have to do a thing about it. The brokerage firm has all the records of when you purchased the shares and all shareholders shares will not be disposed of or tossed out by your broker. So what ever happens in the future..........that is where our history and purchases are. We are fine and recorded and any future changes to our positions will be taken care off by them as always. I think we don't have to worry about that.
It is really not a mess from the accounting point of view.In fact the other company had a reverse split when they thought they had new financing. That split showed up in my account........and we where still "revoked"and private. Somehow al lot that was taken care off, but sadly the money of the deal did not come through......but the split and those shares are in my account an all of that word. We are good and every on record is in the same boat.
I don't know what people with the actual share certificates in hand do with them now? .....(such as people who did private placements.) or in the future when they announce a deal.? I guess if they go pubic again they will have to take those certs to the new transfer agent..........so in a way, they will have more paper work to go through, than those of us who have our shares held by our broker. Of course those with certs always will be able to wipe appropriate areas if all of it goes under............the rest of us will have to us our hands, since we only have electronic certificates held by our brokers...........but I am staying strong and don't think we will see the last option.