I don't believe it's forced, usually this type of thing is optional (Often opt-out). The general point of it is to reduce corporate costs - if you have 5000 shareholders with $5 of stock, you're spending more money keeping them informed of meetings ETC than it's worth, so you tighten up the registry by buying back all those small parcels.
Ann: Unmarketable Parcels, page-3
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.788M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 701607 | 5 |
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