My purchase is not economically motivated, but rather accounting motivated. I would like to close a brokerage account that is basically stuck open unless I can purchase shares.
Any potential sellers should do their own diligence, but it's my understanding that the AET&D no.1 non-voting shares are worthless because the former BEPPA holders have an option on the assets for 'nominal consideration' of $1 AUD. In fact the company announcement related to this in-specie distribution explicitly states that the shares are worthless.
Nevertheless, I would be looking to pay $0.20/sh and have appetite for around 60K shs. If there are any large share holders that can complete this in single transaction I would give them priority. I would need to work out with the seller(s) if a transaction is even possible given the unlisted status of the shares, but assuming it is, I am quite sincere in my interest.
My purchase is not economically motivated, but rather accounting...
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