oh yes, and naturally if the shares are undervalued, it benefits the shareholders that continue to hold as the unmarketable securities are cancelled, so it’s like a pseudo sharebuyback.
this happened with another of my holdings (different co)however I had after consolidation a piddly amount . I elected to hold my parcel however …and I am happy I did
Ann: Unmarketable Parcel Sale Facility, page-7
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 25438 | 1 |
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| Last trade - 15.51pm 28/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |