Ridiculous. I am a US shareholder, and I regularly invest in foreign companies. I have never seen anything like this before, and am aware of no regulation that would prevent OBL from accessing both US institutional and retail markets. I'm not a lawyer, but it's not an 'either/or' situation.
Is there some underlying reason for doing this that they are not being forthcoming about?
Frankly, if this is management's approach to building a shareholder base (for a company that has US operations, no less), they can go **** themselves. Unsurprising that this is ~5% down today.
Ann: Compulsory Sale of Shares by US Retail Shareholders, page-3
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Last
$1.00 |
Change
0.020(2.04%) |
Mkt cap ! $282.5M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | $1.01 | 94.0¢ | $184.7K | 190.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 682 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 3010 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| OBL (ASX) Chart |