Ann: Consolidation/Split - KLL, page-17

@FredP (can't reply)
They'll be valued at zero on your share trading platform because they have never traded. I note that:

1. The new code – KLLDA – has been registered by the ASX and my trading platform allowed me to enter an order for 500,000 of them at a price of $0.001. But I couldn't confirm the order because the stock is suspended.
2. If the suspension is lifted and you're determined to try and offload your shares, you could try buying $500 worth and then selling the lot. At least the brokerage should be claimable as part of your cost to acquire. But there's a risk that nobody will buy, and you'll have spent an extra $500-odd and be left holding 500,082 shares in the KLL shell.
3. The deferred-settlement period ends after 18-Jun-2024 and "normal", consolidated shares will be issued on 19-Jun-2024. Your shares will probably go back to being plain old KLL on this date.
4. The suspension may also be lifted after on this date and normal T+2 trading might occur.
5. Suspension may be lifted for a limited time (to allow the market to make hail-Mary trades) or might not be lifted at all, see my prior post above.
6. Regardless of what happens with market suspension, you have the option of making off-market trades/transfers if you (or your broker) can find a counterparty for your 82 shares (again, see my prior post above).

It's a mongrel of a situation.