Drew,The reason they would want to eliminate he small...

  1. 435 Posts.
    Drew,

    The reason they would want to eliminate he small shareholders is to cut down admin costs, mailing reports, etc. A few years ago, in the dot-com boom, MCL was almost $1.00 per share, and a lot of small parcels probably exist on the register. The SPP with subsequent sale of non-marketable parcels is a legitimate method of tidying up the register. And, it brings in money as well.

    As for the four shareholders, I know two of them well, and the third, only through one of the others. He is probably your mate. I am the fourth.

    I visit the other forum occasionally, but havent posted there yet. I saw your bet, and am in two minds about it. However, we'll see... I hope you are correct.

 
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