Watch out for cheap takeover offers once ASM demerger undertaken, page-31

hey eolaherb, please find below an extract from last quarterly

Alkane’s OTCQX Listing (ANLKY) using American Depository Receipts (ADRs) has been terminated. Under the terms of the Deposit Agreement with the sponsor, BNY Mellon, shareholders have until 15 January 2021 to surrender their Alkane Resources ADRs for delivery of the underlying shares. Alkane shares continue to be quoted on OTCQX as ALKEF.

Looks like you will still hold those shares

Im only taking a guess here, but maybe the reason for selling your entitlement of ASM shares at listing is because they do not want to list on a platform like the OTC because of the costs incurred to the company.

You can show your displeasure and vote against the demerger, but there seems to be plenty of local investors in support of it.

I think youre being hard done by as well, but maybe u can take your cash and buy more ALKEF as the potential demerger may place upward pressure on this stock price.

best of luck
regards