I think shareholders are starting to get the picture. Only 24k...

I think shareholders are starting to get the picture.

Only 24k traded yesterday between 11 and 11.5 and no real volume between there and 14 cents on Commsec. EGM is not til 8 January so heading in the right direction.

As the boat floats, some small shareholders will become marketable again. Letters will go out to small holders tomorrow Regrettably they have to opt out to avoid having the rug pulled out from under them and the shares transferred from CHESS to a company account at 9.6c however:

"Please note that if at the closing date your shares are worth more than $500 then they will not be classified as an unmarketable parcel and will not be sold under this program."

Top 20 hold about 70% (Mobbs 40%) so unlikely they will vote in favour at these prices.

I'd be holding to see how it's trading over the next few days.