OZL has just released an ASX announcement indicating that they will sell on the ASX unmarketable share parcels (<$500 worth) unless advised not to as well as offering to sell on market parcels with a value of less than $5,000 worth.
From a cost persepctive, this is good. I would have liked to see the company buy the shares (rather than sell on the ASX) and cancel them, but it is a small step in the right direction.
Plumb,
Can you provide information, (without insider trading) why the company did not do a share buy and cancel?
HT1
OZL Price at posting:
$1.06 Sentiment: Hold Disclosure: Held