Hi Dj,
The share consolidation (I think) is 100 to 1. Your shares should automatically be consolidated now and you should be able to dispose of them now as well. However I think during the deferred settlement period your contract will not be final/settled until 1/12/8 at which time normal trading will commence.
If you're on Etrade (I am) they haven't updated the code. However you can still trade (and they will recognise your holding) under LSLDA. They're always slow at updating these things.
I have only had bad experiences with share consolidations - and particularly with the likes of these type of speccys. May just create a little more liquidity in order for the SP to fall further. Already the 60,000 sold at 2.1cents is a 80% drop in SP. I'd hold and hope for a miracle. IMHO.
- Forums
- ASX - By Stock
- LSL
- deffered settlement
deffered settlement, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LSL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online