They are not listed or will be listed on the NZX. Never have been.
By the looks of it CATALIST " hold periodic auctions, where the price is set by the levels investors wish to sell and buy at "
Can't tell you what " periodic " actual means, other than from time to time.
It is not a liquid market with readily identifiable price.
Been around a while and have a few unlisted shares but to be honest, until yesterday I had never heard of them.
Catalist operates the Catalist Public Market, which enables investors to buy and sell financial products in regular auctions and enables listed businesses (issuers) to raise capital. It offers investors some similar protections as they would have on a traditional stock exchange such as the ASX (see below). However, as trading is periodic, the Company will have to spend less effort and expense meeting compliance obligations. The Company initially intends to facilitate weekly auctions of its shares on the Catalist Public Market.
