IPO - QEM Limited, page-21

I always keep my shares under 1 HIN. I agree it’s dog’s breakfast by having dozens of small amounts on different HIN’s. Mind you sometimes only the lead broker gives shares to the clients on their HIN only! You can always use a nominee account but have to pay $2k to $3k per year. Going directly via the BoD or Chairman’s list can eliminate this issue but not easy to do that!! Ppl like Xcel BW you got to be under their thumb all the time otherwise no next time. Spreads may be better that way to get under just 1 HIN. I hope that helps. I have given QEM a miss but will see how it goes in the secondary market to accumulate over a period of time. Others can do what the heck they like we live in Oz not in a dicatatorial kingdom!!keep up the good work you do on HC. Cheers.