AMD 33.3% 0.2¢ arrow minerals ltd

Ann: Share Purchase Plan Completed, page-33

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  1. 339 Posts.
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    You won't get an argument from me on that, what you comment on, what bothers me is the fact that, if for one
    reason or another, a share holder missed the close date letter for the UMP, and you fall into that category,
    due to lack of news or CR ( this letter or closing date for UMP) was a few weeks after consolidation,(when the SP dropped),
    has the shares sold out from under him or her.
    This is wrong, the UMP should be based on the share price that is relevant on the date of consolidation, not
    several weeks after the SP has dropped and puts one into the UMP category
    The company should have no right to sell anybodies share with out the share holders approval, not because the SH
    didn't respond to the UMP letter.
    I don't know how the rule could be changed, but something need to be done.
    If there is now some positive news to materialise and the SP spikes, how will the ex SH feel,?? probably sick in the gut.
    Cheers Zen.
 
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