It's actually the correct way to go about it. If people don't value their shares then they are moved on and it helps the company and all the other shareholders through reduced admin costs ( we all complain about the admin costs of companies!) . If you look at many areas of your life people don't care about a lot of small amounts of money - look at unclaimed money registers, people with multiple super accounts etc....They don't act because they deem it's not worth their while. In this case, the work is done for them so they don't have to do anything.
If they value their shares they will act and say so. Its their choice.
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