I have just checked few companies which had been relisted after VA. For ERJ, there is no issue for 300 holders who hold each minimum of $500. Presently, ERJ has around 2,000 holders with depth of spread.
If ECM would like to offer some of those new shares as part of recapitalisation to 300 holders @ @$500, there should not be a big issue. The current holders should not cry out because total money is only around $150,000 i.e. 300 holders x $500.
I guess that relisting could be anytime. Please keep watching closely everyday.
I have just checked few companies which had been relisted after...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.43M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $25 | 12.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 24792104 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 66633000 | 41 |
View Market Depth
| Last trade - 10.09am 26/07/2024 (20 minute delay) ? |
| VPR (ASX) Chart |