HS its not illegal to trade 1 share on the asx.
Min buy in is $500
However once you own shares you can sell at any price, value. You have to be able, to as if you purchased 500 shares worth $1 a share and the value of shares fell to 1 cent they would only be worth $5 and in theory to sell them you would need to buy $495 worth of shares and then sell them in a single $500 order.
Therefore once you own a share you can sell it for any value. there is nothing illegal about it. Youve been around along time and im surprised you think this is illegal when it makes perfect sense.
1 share trade, page-4
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Mkt cap ! $312.3M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 628476 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 983486 | 7 |
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