Ann: Nickel Asset Sale Completion, page-62

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Ronzo1010

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21/01/22

01:26

Post #: 59026510
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Originally posted by arsenic: ↑

There are usually many possible type of shares in a company. It depends on the Company's articles of association. I think at present we need be only interested in the listed ordinary ones.
Yes, I'm talking about NC1's shares.
There are conditions to be a sophisticated investor and they have changed in the last few years so I don't want wan to venture an answer to that one you can look it up or someone else may answer.
Suffice to say you need a well above average income and/or an accountant to prove you have a pretty successful business and high net worth. I think if you are asking these questions you would not (yet) qualify as a sophisticated investor given the category eschews the protections like prospectuses to protect non-sophisticated investors.
To put it in the vernacular sophisticated investor are 'big enough and ugly enough' to look after themselves according to ASIC. I have never been one but got close in my halcyon days.

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Again, many thanks.

I did some googling re the SI or WI qualifications and found that I did qualify fiscally.
Unfortunately it seems, with the apparent lack of financial literacy, I am far from it.

Cheers.

MLX Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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