Ann: Pivotal seeks ASX delisting, page-7

Thanks for the reply. Sounds Glum. I guess that's why everyone dumped their stock.
Looks like pretty low general public ownership, I'm guessing Private Equity Firms, Hedge Funds, Institutions and insiders would all vote for the de-listing?
What would happen if a private takeover/merger happened? Would they just leave the small shareholders floundering or would they want to buy them out? Or too hard to speculate?
Considering whether to sell/rebuy to lock in my spectacular 85% loss and hope something good comes out of it one day.
Or just sell and try to forget about it.

I don't understand how it costs such a small cap company US$1.6m p.a. to list on the asx. Is it because they are CDI's?