I am a long term holder of RLK (formerly SRR), and not by choice I will add. I naively had $30 - 40 K invested with SRR and they went in to administration in 2016 from memory. So I was stuck holding these shares and could do nothing. I waited patiently for the outcome, which was not a good one as those of you who followed or invested in SRR would know. SRR were liquidated and a new company, RLK formed. I had communication from SRR last year that they were changing names to RLK and initiating a capital raising. The shares I held with SRR were now RLK shares. They were now diluted to almost nothing but from calculation, I would have recouped 1 or 2 % of that initial sum.
Now RLK has dissappeared. I have had no communication from RLK and can not find any information on the company other than that it has been removed/delisted from the ASX. I have not experienced this before and am not quite sure whats happened and where it goes next.
Can anyone explain what generally happens to mour share holdings in RLK now?
- Is there a payout or settlement of the RLK shares I still owned?
- Does RLK now go in to administartion and we get some or all of our RLK shares paid back?
- Does the company have an obligation to contact us?
I would appreciate any advice or help on this one. My thanks in advance.
Cheers
News: RLK Rolek Resources To Be Removed From ASX Official List From Commencement Of Trading On 1..., page-3
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