I read that a third of the shares on issue are held in un-tradeable sized parcels. $500 worth
I cant confirm if thats true or not, but it was a media story.
It means that there are heaps of shareholders that hold very tiny holdings, so none of those have doubled down to make their holding a tradable parcel.
Im not sure If a company is obliged to buy out the small holders, or else sell all those holdings on market and post off a check to the holder.
It also means 33% of the shares are held by people unlikely to reply to a Vote at a GM.
Anything could happen but 2nd Half probably wont break even.
Short Intrest is rising.
MYR Price at posting:
38.0¢ Sentiment: Hold Disclosure: Not Held
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