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Good luck finding that 5% to set up the 249d - from what I know,...

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Master Burrows

3,538 Posts.

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23/03/18

13:17

Post #: 31979626
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Originally posted by DK1 ↑

The business is still operating as a going concern, therefore shareholders remain shareholders whether it be listed or unlisted. My understanding is that if shareholders totalling 5% of the shares on issue request a meeting, it must be complied with. I believe there is opportunity to recover at least the value that they were trading at before being suspended.

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Good luck finding that 5% to set up the 249d - from what I know, the top 10 was held by majority of McMahon's friends and family. I'm a bit baffled as to why he'd let this delist when it was such a tightly held shell like DMI.

HDG Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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