You would still be legal share holders of FBR, you just couldn't as easily sell those shares.
A similar thing happened over in SFG (aka Seafarms) when they demerged CO2.
https://hotcopper.com.au/threads/ann-sfg-co2-demerger-update.4308939/
And the next link in this same SFG / CO2 example shows that years later you can still "benefit" from having unlisted shares.
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD5Q60yBKZs%2FF%2Bke92GA%3D%3D
"benefit" of course is in the eyes of the beholder.
Share consolidation and CR, or delisting to relist on a overseas stock exchange....both are possible futures for FBR.
If delisted from the ASX and relisted overseas, would existing shares be open to trade on the new listing? I doubt it. More likely I reckon is that a new legal entity such as "FBR Global" (just an example) would be created and listed instead, which would be part owned by FBR and part owned by a venture capitalist with deep pockets.
Of course this would mean that the current FBR shareholders would be excluded from selling their shares (and taking profit) in the new listing.
You would still be legal share holders of FBR, you just couldn't...
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $142.1M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.4¢ | 3.0¢ | $443.3K | 13.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1719806 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 1013372 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FBR (ASX) Chart |