The company would be a publicly unlisted entity cos it would have more than 50 shareholders- as distinct from a private company having less than 50. There would be audit & annual (& 1/2 year) reporting requirements & a need to hold an AGM within the prescribed period. The annual audited financial statements would have a high level of disclosure. However most importantly there is no requirement to continuously disclose (unlike ASX) which means shareholders will not be informed on a real time basis of any changes that are going on within the business- good, bad or otherwise. It is very difficult to monitor how the business is progressively performing except on an annual & six monthly basis. Very importantly while a stockholder will have an ownership entitlement there is no ready market to sell that shares that are owned. I’m not too sure about the reference to Atomic - it may simply mean they are the custodians of the share registry. This is simply a compliance role as distinct from a fiduciary role. I doubt whether they would broker buys & sells but I maybe wrong.
- Forums
- ASX - By Stock
- GMV
- Ann: HSC:HSC and GMV to expand remote patient monitoring services
Ann: HSC:HSC and GMV to expand remote patient monitoring services, page-37
-
- There are more pages in this discussion • 2 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 GMV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online