This when I read it gave me no concern; until a couple of day ago when I read the fine print
and to my horror found that when you divided you stock by 6 and got less that a .5 ie: .33 or .4
you are to be rounded down and if you have .5 or greater you would be rounded up ie .67 or .50.
I have been involved with a few of these and never have I seen this CFO mathematical rubbish.
With 4313 share holders it would cost them $11,645.10 if they gave EVERY shareholder an additional
share. The real cost of "no disadvantage" would be more like $4,000.
When you put this in context of having to vote on remuneration packages and the 1,000's of cheap
shares for management, for, in the main doing their job, I cannot remain silent.
For the record I topped up my holding today with a "strategic" amount..........I've got my free half share.
I will be watching before voting at next years AGM.
Wednesday/tomorrow is the last day to trade prior to consolidation.
This when I read it gave me no concern; until a couple of day...
Add INA (ASX) to my watchlist
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Last
$4.78 |
Change
0.010(0.21%) |
Mkt cap ! $1.948B | |||
| Open | High | Low | Value | Volume |
| $4.76 | $4.81 | $4.75 | $2.508M | 524.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7998 | $4.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.78 | 1994 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$4.78 |
Change
0.010 ( 0.06 %) |
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| Open | High | Low | Volume | ||
| $4.79 | $4.81 | $4.77 | 146546 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| INA (ASX) Chart |