It’s my understanding that Lithium Co will be split off. If you think about that, you already own that part of the company, it’s just being split in half (or proportion to its value of, and number of shares. I believe we will then get the same proportion of shares in Lithium Co, as you currently have in FFX. So not 1 for 1 in the number of shares, but the correct proportion by ratio.
I emailed about it, asking about whether as a non Australian I would be entitled as the recent cash raise was not open to us, but haven’t yet had confirmation. However other HC contributors seem to think a share holder is a share holder so I’m confident this will be the case.
How we actually get the lithium shares I have no idea - presumably some sort of notification happens so my internet trading broker gets given the Lithium Co shares, similar to when Apple split. That seemed to take about a week but eventually the number of shares just increased and the cost per share dropped in my holdings.
Anyone been through a share split before?
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It’s my understanding that Lithium Co will be split off. If you...
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