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0.6¢ livetiles limited

I believe you are correct.So, what if you hold less than $5.000...

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checkmate

205 Posts.

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11/08/22

11:21

Post #: 63052547
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Originally posted by SteveSage: ↑

what an absolute joke mgmt are

firstly, they have not answered most of the questions retail investors have for delisting, but they are hosting a training session with a company to trade their share which at first glance looks like:
- limiting trades to $5,000 minimum
- have fees of 6% on the seller (not sure about stamp duty etc)....but for $5k that alone is $300!!
- need to be a sophisticated investor to buy shares (so that restricts buyers to people who can verify they earn $250k pa and/or have $2.5m in net assets)

Yes this is going to work out well (not) for most retail holders.........again an absolute joke for mgmt to think this benefits most retail shareholders

If there are so many interested parties willing to buy this at a higher price, perhaps mgmt should attempt a takeover at a valuation of $100-150m and get I'll be happy to never have to think about livetiles and this hair-brain scheme they have come up with

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I believe you are correct.
So, what if you hold less than $5.000 worth?
Effectively stuck with them as you can't trade!

LVT Price at posting: 4.0¢ Sentiment: None Disclosure: Held
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