1CG 7.14% 1.3¢ one click group limited

Ann: Suspension from Official Quotation, page-35

  1. 701 Posts.
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    Thanks for flagging this backdoor action. Some notes from my reading just now which may be of benefit to others...

    ZIP suspended from trading 22/01/2020
    SOI 367,061,868
    closing price on last day 1.7c

    Reinstatement as DOU 06/10/2020
    SOI as above (no consolidation / change)
    Opening price on 1st day 5c
    Reached a High of 49c on 16/10/2020
    dropped to 17c 18/12/2020

    then voluntary suspension yadda yadda 18/12/2020 to 05/02/2021..

    So with the fact that UUV has an SOI of 2,388,374,811, it's pretty safe to assume we would see some level of consolidation. Perhaps 5-10:1 would probably sound about right in my mind. I'm not sure if there are special rules for reverse listings and when a consolidation can be completed. i.e. does UUV have to come out of suspension and can only then do a consolidation? while also announcing next steps..

    I already had UUV filed in the gambling section of the portfolio so it's a "let it ride" situation, albeit forced one





 
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