Having a look at the revised top 20 there are only 93 holders with a marketable parcel 3 of those being managment or nominee company of managment, so only 90 people in total to trade with on market. They should just acquire all the small holdings would cost about 50k, and remove about 300 people from the register, the savings in mail would probably be worth it.
This looks like a replica of CMI except managment here seems to be more ignorant of minority holders rather than actively harming their interests, though the combined renumaration of the board being about market cap is something I haven't seen before.
Interesting though, but you would be trapped if you bought in though and would have to hope managment changed their minds. Its actually probably more like ssl and its preference share holders
giving up, page-12
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Last
$2.06 |
Change
-0.040(1.90%) |
Mkt cap ! $87.13M | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.10 | $2.06 | $65.89K | 31.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9637 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 5911 | 1 |
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| HIT (ASX) Chart |