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09/08/22
19:25
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Originally posted by Aperture:
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ISXFEU have delayed the anticipated share listing due to existing shareholders not being able to get sufficient value for their holdings. ISXFEU have not indicated if the AUD$0.75 buy offer from AlternativeLiquidity is above or below fair value. Now that ISXFEU is making money why not do a share buy-back, at a price determined by the Board as fair value. This allows liquidity for holders that, for whatever reason, wish to exit their investment now that ISXFEU is an offshore entity and no longer ASX listed. It also provides a greater ownership % for shareholders that do not wish to sell ISXFEU. So non-selling holders would own more of the company than they did. A limited scale, first in best dressed ISXFEU buyback would be a win-win for existing shareholders in my opinion.
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Happy to sell mine with 50% loss , just let me out of this name blame calling escape room .