I don't believe it's forced, usually this type of thing is optional (Often opt-out). The general point of it is to reduce corporate costs - if you have 5000 shareholders with $5 of stock, you're spending more money keeping them informed of meetings ETC than it's worth, so you tighten up the registry by buying back all those small parcels.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.576M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $24 | 1.205K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 163678 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 105970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 163678 | 0.019 |
1 | 2500 | 0.018 |
1 | 216921 | 0.017 |
1 | 300000 | 0.015 |
1 | 39000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 105970 | 1 |
0.024 | 65000 | 1 |
0.027 | 100000 | 1 |
0.028 | 700000 | 1 |
0.029 | 128000 | 3 |
Last trade - 10.10am 29/08/2024 (20 minute delay) ? |
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