Share
9,755 Posts.
lightbulb Created with Sketch. 832
clock Created with Sketch.
16/05/19
22:06
Share
Originally posted by schmoove
↑
Correct. Limboing all the way into the ground. It's delisted, not wound up (yet).
Technically us mug punters still own our share of a now 'unlisted public company'. No 'losses' can be claimed.
However, good luck getting any value out of that 'asset'.
The announcement talks of relisting in the future. I'll believe it when I see it with these muppets at the helm.
Even if it does relist, I'll bet they do a 10:1 or more consolidation (currently 305,531,855 shares on issue).
So if it relists our holdings will be worth a fraction of their former value.
I shan't hold my breath.
We should try calling the directors and ask them to buy our shares off us. I'd bet my last dollar they wouldn't offer us a single cent for them.
Expand
Thats a fantastic idea every one should do that !
Registered office address 21 Wells Road, MORDIALLOC, VIC, AUSTRALIA, 3195 the cost of a stamp these days ...