AB1 abarta resources limited

I share your views sloden.For sale of shares of significant...

  1. 195 Posts.
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    I share your views sloden.
    For sale of shares of significant quantities, PM is way too expensive and may be shooting themselves in the foot?
    For small number of shares I can understand that it is labour intensive to liaise with both parties, prepare and coordinate the paperwork, facilitate the transaction and amend the holding records - so 6% is probably justified.
    For 50,000 shares - to do exactly the same work for $3000 is probably expensive and I expect they would be making a handsome profit.
    For 100,000 shares - to do exactly the same amount of work for $6000 is just greedy.
    Seems to me they might increase their turnover of share sales if they were to put an upper cap limit on their 6% fee.
    Anyway that is their business decision and there is nothing we can do.
    Noticed they claim to have traded 42 million Animoca shares.
 
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