Approx 30,000 shareholders on registry. At current SP upto 15,000 own 'unmarketable parcels' ASX definion of unmarketable is less than $500
Upon share consolidation the company may also offer an unmarketable parcel share sale facility. Noting that shareholders of above would have to 'op out' to keep their shares or all unmarketable parcel shares will be automatically sold. No brokerage.
This would 'clean-up' the registry. But for what purpose?
The company would argue lower administrative costs and cover cost of small parcel share sales.
1. Share consolidation 2. unmarketable parcel share sale 3. Hopper sells 'Carmel' (offers $30m+ on table) 4. Hopper bank loan repaid and hedge position closed 5. Excellent trial data announced. 6. License deal or company sale......
Beam me up Scotty.....
IMU Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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