ESN 0.00% 1.6¢ entellect limited

Ann: Entellect's Recent Operational Initiativ, page-7

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  1. 273 Posts.
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    re: Ann: Entellect's Recent Operational I... An unmarketable parcel program is designed to clean up all those shareholders that have a parcel of stock that is so small that they probably dont even realise they have it!

    For example: A company may designate to offer to purchase all the stock on the register at say $500.00 and below. That could amount to 100's of shareholders and a decent block of stock.

    It is managed by the share registry. ESN does not buy the stock back and obviously their $'s are better spent elsewhere.

    A buyer(s) is lined up and they take the parcel.

    What is does do is lower the share registry costs enormously. The fact the company is focussed on these types of issues is a very confident signal.

    Hope that helps.
 
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Currently unlisted public company.

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