was doing a bit reading for why a company delists and goes private
this is a voluntary delisting, NOT forced.
forced means they are most likely going bankrupt and it is the END for the company
BUT
voluntary delisting is the company is by choice removing them selves from the public (ASX) since they can not get the funds through this option AND the company sees themselves valued at a higher level than what the ASX (the general population/public) is valuing them at, so their only option is to get out of the ASX and take thier ideas elsewhere -i.e. private, and smash out their idealogy and business model there.
for me personally (and each to their own), i have bought at $1.40 ish, so in too deep, no point of me selling, toooooo big a loss. I am in for the long run anyway and will give their private route a chance. makes sense when researching it last night.
if you bought at 30cents or less, maybe sell and put you money elsewhere for a quick gain
good luck
- Forums
- ASX - By Stock
- SPT
- Ann: Splitit obtains US$50 million commitment from Motive
Ann: Splitit obtains US$50 million commitment from Motive, page-170
-
- There are more pages in this discussion • 188 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
INF
INFINITY LITHIUM CORPORATION LIMITED
Ryan Parkin, Managing Director & CEO
Ryan Parkin
Managing Director & CEO
Previous Video
Next Video
SPONSORED BY The Market Online