WCL 0.00% 39.5¢ westside corporation limited

Cheque at last!, page-11

  1. 6,942 Posts.
    lightbulb Created with Sketch. 746
    yep, all good advice Tui and Sle.

    Gunsmoke - the last thing a s/h should do is get caught up in the Compulsory Acquisition process - simply because LB will close the Offer, then notify s/h of C/A.
    That C/A process takes quite some time, so those shares to be acquired under the C/A process will not be paid for quite some time - from experience I once had to wait 4-6 weeks to get paid.
    You lose control of your shares- so you cannot deal with them, and you have not been paid at that stage.
    If it is "beer money" then not a problem.
    But if it is a worthwhile amount, then I would contact the Share Registry, or in fact call the LB Shareholder Hotline. 1800 992 039. They will help you out. I suspect you could even write a letter of acceptance??

    anyway, it has been an interesting ride, but so very disappointing for shareholders - a lost opportunity imho.
 
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