The EZZAA restricted shares are part of ASX mandated escrow for newly listed businesses, basically, for directors/owners, it's an insurance implemented by ASIC/ASX (I'm actually not sure, probably a combination) to protect investors against exit scams.
If you look at other organisations that have existed for < 24 months on the ASX, you'll see they all have very similar setups.
I'd be interested in hearing from other more experienced holders what actually happens at the end of the 24 months though, if anyone is prepared to have that conversation?
I can look more into it tonight and hopefully provide more clarity.
The EZZAA restricted shares are part of ASX mandated escrow for...
Add EZZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
89.5¢ |
Change
-0.125(12.3%) |
Mkt cap ! $39.75M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.02 | 89.5¢ | $165.8K | 176.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 232 | 89.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 2810 | 2 |
View Market Depth
| Last trade - 15.57pm 17/05/2024 (20 minute delay) ? |
| EZZ (ASX) Chart |