SP1 0.00% $1.07 southern cross payments ltd

ISX Financial, page-1964

  1. 2,916 Posts.
    lightbulb Created with Sketch. 2092
    Correct. They will scoop up any 1000 share plus allotments.

    Those under that value, I assume they will at some point deem unmarketable in size and the company will buy them back.

    Right now the milk bar wants to claw in as much ownership as possible when the bad news comes from ASIC.

    Down the track they will grab up all the crumbs in unmarketable parcels to get the total shareholders below 50 so they can then go private, IMO.
 
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