No they can't.
If you elect to retain your shares, there's nothing they can do about it.
Whether you want to or not is a decision for yourself only, unless there's a takeover/scheme of arrangement, in which case you still get to vote on it, but are bound by the outcome of that vote.
Participating in a buyback can be a great opportunity though, as it allows you to cement a capital loss which can be use to offset taxation on future capital gains.
Definitely worth thinking about carefully.
I still hold a stock that I bought into 15 years ago and have since declined to participate in multiple unmarketable parcel buybacks, purely because it wasn't a large investment and it's a constant reminder of mistakes I've made in the past and lessons learned from them.
At close of trade today, that holding is currently worth the handsome sum of $13.90. LOL
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Last
3.7¢ |
Change
-0.005(11.9%) |
Mkt cap ! $7.781M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $3.994K | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 47994 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 59249 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 47994 | 0.038 |
2 | 1024800 | 0.037 |
1 | 250000 | 0.036 |
1 | 25000 | 0.020 |
1 | 288888 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 59249 | 2 |
0.044 | 19962 | 2 |
0.045 | 15000 | 1 |
0.049 | 130000 | 2 |
0.050 | 2267 | 1 |
Last trade - 13.19pm 06/08/2024 (20 minute delay) ? |
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