Roth Conversion of a Delisted Stock Market-Valued at $0.00

[tokayflorid_6x]

A hypothetical question.  In my IRA, I have shares of a delisted stock with a market value of $0.00 per the broker.  

If I transfer 100 of these shares from my IRA to my Roth IRA, it would appear the value of the Roth conversion would be reported as $0.00 on Form 1099-R as per the market value rule.

Is this a correct interpretation?

What would happen taxwise if the 100 shares in the Roth IRA is now worth $10 a share? 

[rjs]

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