No they can't.
If you elect to retain your shares, there's nothing they can do about it.
Whether you want to or not is a decision for yourself only, unless there's a takeover/scheme of arrangement, in which case you still get to vote on it, but are bound by the outcome of that vote.
Participating in a buyback can be a great opportunity though, as it allows you to cement a capital loss which can be use to offset taxation on future capital gains.
Definitely worth thinking about carefully.
I still hold a stock that I bought into 15 years ago and have since declined to participate in multiple unmarketable parcel buybacks, purely because it wasn't a large investment and it's a constant reminder of mistakes I've made in the past and lessons learned from them.
At close of trade today, that holding is currently worth the handsome sum of $13.90. LOL
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4.0¢ |
Change
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Mkt cap ! $8.412M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 429200 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 60000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 429200 | 0.040 |
2 | 215461 | 0.039 |
1 | 135135 | 0.035 |
1 | 40000 | 0.034 |
1 | 30303 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 60000 | 1 |
0.047 | 20000 | 1 |
0.049 | 130000 | 2 |
0.050 | 2267 | 1 |
0.058 | 17840 | 1 |
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