Delisting could indeed happen - voluntarily- not necessarily at ASX instigation. Shareholders could agree at an EGM to remove the company from the ASX. Only one shareholder really matters in the scheme of things & it could be an option in the event this has become too painful. I’d be interested to know but I’d assume any dissenting SH would be compulsorily acquired at some sort of recently prevailing average price. Wonder if the vote would need to be unanimous, simple majority or 75% ?? Interesting to ponder.
BTW - can a price sensitive announcement be made when there is no prevailing market for the shares???
GMV Price at posting:
8.1¢ Sentiment: None Disclosure: Held