CMY 0.00% 0.5¢ capital mining limited

Ann: Board and Management Changes, page-28

  1. 90 Posts.
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    Okay so I'm in a pickle- I want to buy into this stock once the suspension ends, because for even a small investment I can get a substantial holding, and even with a small increase in SP it could be a good bit of profit - BUT - there is the ever looming possibility that CMY slips that little further and is de-listed.

    So my question is, as I haven't experienced it yet, what happens in the situation when a company closes its doors? Is it likely to just de-list and be gone, or is an acquisition/merger more likely? And in that case, do my held shares then become shares in the acquiring company?
 
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Currently unlisted public company.

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