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Chin wag from Amalisia, page-22

  1. 9,833 Posts.
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    Hi Jason, those shares were issued to the original shareholders for a fraction of the cost of the ipo shares. The ASX imposed escrow conditions on these shares which means the holders are not allowed to sell them until a certain date. The majority of these shares will be released in October this year.

    Many of these shares have been held by Investorlink clients. They have been stuck for a long time and many will want to sell. As I mentioned before the same group were behind TUP - check out what happened to their share price as the escrow shares were released.

    The company has no control over these shareholders.
 
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