Do you think there is any real chance that they keep it private...

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Jbi69

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19/09/18

09:05

Post #: 35687798
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Originally posted by mrwalker ↑

For those who hold shares in a "Member Direct" account with Australian Super or similar, I received an email from them this morning in response to my questions of last week.

"As the stock has delisted from the ASX, it means it is no longer tradeable on Member Direct." (You don't say huh?)
"The stock is currently undergoing a sale proceed facility, once completed the cash proceeds will be paid to your Member Direct transaction account in early November. Should you chose not to wait for this, you have the option to forfeit the stock by moving the units on hand to the house account. As the result you will not receive any value in return but the loss incurred can be used to offset against any future gain for CGT purposes."

I returned their email and guess which option I asked them to include me in?

Cheers
MW

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Do you think there is any real chance that they keep it private and don't relist thereby having no market to exit later? or is that not their game?

1PG Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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Do you think there is any real chance that they keep it private...

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