DVPDB- Deferred Settlement condition

Just wanted to make a new thread to talk specifically about the current trading conditions on DVP’s deferred settlement status under the code DVPDB.

Firstly, all info is in the consolidation announcement released on 24/11/21 so please refer to that before taking my musings as fact, in case I make a mistake.

However, for all you noobs out there like my self, it’s important that you note that, for example, if you were to sell X amount today, you will not have access to those funds until the 9/12/21 which will as that date enter T+2 for settlement purposes. So cash in account on 13/12/21.

I actually think it’s very cheeky of the company to implement this DVPDB status on the trading of its shares. Cheeky because sellers are more disincentivized to be selling during this period in which the end date coincides with the release of the incoming major news.

I could be wrong but this could be supportive of SP IMO.

Personally I will be forgetting this company even exists until the 9/12/21, and consider my money gone.

Until then it’s crayfishing, golfing and sun baking for me. Saving on the drinks until this reaches minimum $4.65+, which should coincide with the Christmas period.

gltah, dyor and stay safe.