Nominee companies generally do not hold accounts for smaller amounts, therefore it is extremely unlikely that the 300 shareholder criteria is met considering how many of the shares are held by that 'Lo' bloke and Yang...ie not many left to be split amongst at least another 298 shareholders.
But let's say there were 298 'other' shareholders...given the ridiculous price rise since listing, surely a few of them would have sold or tried to sell out (I know I would have), in which case the shares would have gone to individuals not in a nominee account. Yet there still remains only 13 shareholders in the T20 listing.
Cdchi1
FTH Price at posting:
$7.96 Sentiment: None Disclosure: Not Held
