AKE (ASX) Att ComSec Ake holders

Originally posted by akgo01: ↑

Good question.

I think to sell on ASX or another exchange is always to sell to market. And the price will be decided by the law of demand vs supply.

I read further the Sezzle announcement. There is the option of converting CDI into shares:

"There are a number of options, summarised below, available to you in respect of your CDIs, including converting all your CDIs
into Common Stock listed on the NASDAQ Capital Market (NASDAQ) in the United States.

In the United States, your Common Stock can be held: (i) electronically with a registered United States broker within The
Depository Trust Company, the US central securities depository; or (ii) electronically in book entry form in the Direct Registration
System (DRS) being registered directly in your own name on the share register in the United States.

You do not need to be based in the United States in order to trade your Common Stock on the NASDAQ. To trade your Common
Stock on the NASDAQ, you will need to independently establish an account with a broker in the United States or an Australian
broker that has a relationship with a broker or other appropriate financial institution that is authorized to trade securities in the
United States. Alternatively, if your Common Stock is registered directly in your name in DRS form you can sell your Common
Stock, if you wish, under a facility (the DRS Sales Facility) administered by Computershare Trust Company N.A., the US transfer
agent (share registry) for the Company. The terms and conditions of the DRS Sales Facility will accompany the DRS advice.

You should contact your broker or financial and tax advisers for information on trading Common Stock on the NASDAQ and on
the question of how you should hold your Common Stock."

How easy or how complicated the real process to do it, I still don't know.

Expand

I think to sell on ASX or another exchange is always to sell to market. And the price will be decided by the law of demand vs supply. "
If a stock codes CDIs are given an "end date" for trading and lots of people decide to sell then who is going to buy them knowing that they are "end dated"? Why would the sale price not approach zero as the end date approaches?
Is the company that is cancelling the CDIs the market buyer?

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