Good luck with that.
The following is pure speculation on my behalf. Please treat it as such.
The fact that you didn't even read Oz Super's process when authorising them to buy shares with attaching options doesn't bode well for success with a class action with re to the options.
And the fact that it sounds that they have acted in the same way in disposing of the options in all cases suggests that there is a written down process they are following.
That may be because, whereas normally they buy and sell a share on your behalf at your behest, i.e. you instruct them when and how much to buy and sell them, i.e. two, or more transactions involving the same entity and they charge you a fee, probably per transaction.
With the heads, plus attached options, this could run out to many transactions, and/or fees, and could/would be far more complicated to manage, or bugger up.
So, as mentioned, it wouldn't surprise me if they have a process in place to protect themselves and to manage that eventuality.
The fact that their desk bound admin staff wouldn't be aware of the nitty gritty in this particular case would hardly be a surprise.
Just saying ...
- Forums
- ASX - By Stock
- Aus Super IMUOE Class Action
Good luck with that. The following is pure speculation on my...
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.7¢ |
Change
-0.005(6.10%) |
Mkt cap ! $563.6M |
Open | High | Low | Value | Volume |
8.2¢ | 8.3¢ | 7.6¢ | $1.931M | 24.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1392733 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 140950 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1063786 | 0.076 |
27 | 1362684 | 0.075 |
9 | 804913 | 0.074 |
9 | 392900 | 0.073 |
8 | 787610 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 140950 | 2 |
0.078 | 427758 | 6 |
0.079 | 4733852 | 7 |
0.081 | 256000 | 3 |
0.082 | 309951 | 4 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
7.7¢ |
  |
Change
-0.005 ( 6.71 %) |
|||
Open | High | Low | Volume | ||
8.2¢ | 8.3¢ | 7.6¢ | 9515046 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
IMU (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online