RRP 0.00% 8.5¢ realm resources limited

Ann: Resignation of Managing Director, page-76

  1. 160 Posts.
    lightbulb Created with Sketch. 71
    I thought only insolvent companies were ever delisted.... I would never have thought a company making millions in profits could also be delisted. What a kick in the gonads that would be for shareholders!

    Surely there must be some sort of recourse for shareholders to prevent a company from unnecessarily delisting? Otherwise, what's stopping other companies from doing the same for whatever ulterior motive their boards may have?

    Furthermore, I find it quite ironic that ASIC may ultimately be one of the reasons the company chooses to delist, when one of ASIC's primary roles is to protect shareholders.

    Anyway, I don't think its quite panic stations for RRP just yet, but an announcement from the company to allay shareholders' concerns would sure be appreciated about now.
 
watchlist Created with Sketch. Add RRP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.