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17/07/18

13:42

Post #: 34393845
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Originally posted by fooca ↑

I would assume that your shares have been sold of as per the announcement released on the 19th April:
Small Holding Share Sale Facility, whereas the company advised their minority holders of the intention to sell shares that were less than a marketable parcel at the time (marketable parcel being $500 worth of shares or a holding of 35,713 shares based at the time of a price of $0.014c) https://www.asx.com.au/asxpdf/20180419/pdf/43tbhxx53sr6kv.pdf

Unless you advised the company in writing by the "retention date", (being 6th June) of your intention to keep your shares , then they are being sold.

View attachment 1198200

As per the announcement, the shares will either be sold on market or the company may arrange for you shares to be sold to an acquirer/s, price for your shares will be at the average of 5 trading days immediately preceding the day after the retention date.

Please note: The word "minority" was the term used by the company, just another lack of caring shown.
The intention of the Small Holding sale was to reduce costs to the company, the same company that doesn't hold back by paying a plethora of consultants - pffffffft

Also bear in mind, I suggest to read the company's constitution in regards to payment of your shares, paying particular attention to Section: Sale of Unmarketable Parcels, specifically 8.23
https://www.asx.com.au/asxpdf/20080229/pdf/317sgyjsg9ycwj.pdf

cheers

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and if that's the case you're a lucky bugger....

GPP Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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GPP disappeared from the Chess!, page-4

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