Australia's largest stock trading and investment forum Australia's #1 stock forum

FMS

Click for more information

0.43%

$1.17 flinders mines limited

To the 44% - Happy New Year, page-7

First 7 Last

Share
Profile

Follow
big idiot

339 Posts.

85

01/01/19

22:45

Post #: 36998389
Share

Originally posted by jake0002 ↑

Hi again BI, this is the clause relevant to change of company type.
http://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s162.html

none of those changes in company type, relate to this situation imho.

FMS is not changing type of company, it is seeking to remove its listing from ASX, to that of an unlisted public company. It is still a Public Company, with thousands of (very unhappy) shareholders.
it is just that it will not be on the ASX platform, and will then not be required to comply with ASX Listing Rules. it will still be required to comply with Corps Act, and under Unlisted Disclosing Entity rules (which are stuff all, as no one really supervises that imho).

we are all maintaining the rage.
cheers

Expand

Hi again Jake. We’re both on the same side so fighting the same battle. However, I note your quoting the 2001 Corporations Act and suggest you check the 2014 version. Cheers

FMS Price at posting: 4.4¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

OAR

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

HMI

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add FMS (ASX) to my watchlist