I still think clearing out some of the shareholders with less than a marketable parcel is a good start, sell their shares on market or buy them back. From the annual report its 1298 shareholders holding less than 8197 shares
so say buy back at 6c (assuming all of them hold 8197 which they won't) it would cost $638382.36 and get rid of some of the deadwood on the register. Yes its a drop in the ocean but it all helps, can help keep down admin costs as well
I still think clearing out some of the shareholders with less...
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Last
14.0¢ |
Change
-0.025(15.2%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $34.69K | 242.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 132799 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 4616 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FML (ASX) Chart |