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Ann: Voluntary Delisting Application, page-40

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Kippax123

3 Posts.

08/01/19

16:32

Post #: 37059051
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Originally posted by Red.Adair: ↑

I lodged a complaint with ASIC citing Minority Oppression. I believe that the way the updates were delivered were designed to drive the price down. The de-listing update was delivered and then five days later the buy-back was announced. Any reasonable commercial bystander would have advised of the de-listing and the buy back in one statement.

The Chairman and major shareholder controls 39.37% of the shares on issue while the next largest shareholding controls 4.6%.

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Good onya. I complained to the ASX and their response was basically that ITD had done nothing wrong - within the listing rules. Anyhow, I sold out today.

ITD Price at posting: 12.0¢ Sentiment: Sell Disclosure: Not Held
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