As a shareholder it is your responsibility to ensure that whoever holds your shares have all of your up to date details. The paperwork advising of the impending sale would have been sent to the address your share sponsor has on file for you - if that address is not up to date, that is not their fault.
It is against the law for your shares to be sold without first giving you the option to say you want to keep them....Somewhere out there is an envelope addressed to you with that paperwork inside....
Unfortunately the way they get around this is by making the sale of said shares the default position, so if they dont hear back from you - they sell....I believe it should be the other way round and the permission to sell should be required to be given by the holder, with the default position being that the shares are kept....This will never happen though, so its always important to ensure that if you hold small amount of speccie shares usually bought about by consolidations, that you keep your postal/email details up to date with your share sponsor....
OAK Price at posting:
29.5¢ Sentiment: None Disclosure: Held
