Ann: Unmarketable Parcel Share Sale Facility, page-32

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Leviathin

4,220 Posts.

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19/07/19

07:48

Post #: 39592501
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Originally posted by Stockcount: ↑

Mate, your out of order.

Companies do this all the time. 57% of shareholders hold less than $500 worth of stock. It is large expense keeping all these shareholders upto date with annual reports and other notices.

If you want to keep the shares, then return the share retention slip that is being mailed to as we speak !

OR you can buy more shares so that the total value is over $500, do this before August 30th.

You can still buy more shares ! But you do only have 6 WEEKS !

This is all standard procedure. Used by companies with very low SPs on a regular basis to clean up the share registry when there are thousands of holders with these unmarketable parcels.

Why didn't they give you shares in the CR ? If you had 30,000 shares, the CR offered 6000 shares at 1.1c which is $66 ..... so you applied for more but the 74% limit took you to about 10,000 which is now only $110. I suspect the CR did not accept less than $500

These rules are meant to keep it simple and cheap. Relatively speaking. If your outside the thresholds because your numbers are too small, then that's too bad. They apply to all.

If you are really pissed off, then buy more shares in ADO. Its going to do very well in the near future.

Otherwise you will get a cheque for something < $500 in September.

It's NOT out of the ordinary.

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good factual summary stock count.

ADO Price at posting: 1.4¢ Sentiment: Buy Disclosure: Not Held
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