Hmm, of course I don't know the Australien Stock Exchange laws. For me it sounds surprising that a company can sell your shares for you if you do not dispute. I would have expected that it is the other way round, that company will make you this offer and you can opt-in if you like it. Here it is the opposite way, company is selling your shares and you can opt-out. Well actually I don't think that this is a goodie of the company to the smaller shareholders. So I ask myself what is the benefit for the company. So it is very likely that the company significanty wants to reduce their shareholders from 5800 to maybe 3000. So does anyone have an idea whats the reason behind? Just reducing admin efforts, cheap source for buyng shares, or any legal advantages if you have less than 5000 shareholders? Anyone any idea or speculation?
LOM Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
