MUM 0.00% 0.0¢ mount magnet south limited

"Removal of Securities due to Buy Back"??, page-5

  1. 3,878 Posts.
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    Oh don't start me on MUM....

    The company sent out a letter.

    In the share buy back letter it stated that IF you didn't respond (as a holder of MUM, of an unmarketable parcel.. small holding) then they WOULD SELL your shares. I.e. BUY them off you.

    I wrote to them on the standard form and indicated that I wanted to keep my MUM shares.

    Then I received a statement from the share registry about 2 weeks ago indicating Zero shares. I went to my MUM file - and there was a copy of my letter.

    I immediately rang the registry on receipt of the statement indicating zero holdings and to be quite frank - they were of no help at all. Furthermore they could not care less. I explained the full situation and was told (quiet rudely) that there was nothing they could do. The "team lead" at the registry and I got so heated - she actually hung up. I was livid. I still am.

    Surely this is not legal?

    I am taking this further.

    I want to keep my MUM shares.

    Furthermore - no $ have hit my Superannuation Bank Account.

    Suggest we all go hard on this one. I have never experienced ANYTHING like it.

    All the best and please stick to your guns. Fancy treating shareholders like this...

    Gracie
 
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Currently unlisted public company.

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