PGL 0.00% 85.0¢ prospa group limited.

yoo wont get $1.10 for all the shares you want to sell. The Co....

  1. 653 Posts.
    yoo wont get $1.10 for all the shares you want to sell. The Co. is only buying back 20mill worth. youll be stuck with what tever the difference is (lets say is 50% of your shares) and forced to sell them on market. If enough ppl try to do that, it will push the share well below $1.

    The million dollar question is: how many people just want out? If its less than 1/3 you realy can buy today and sell at $1.10 in March, but if 75% want out, you are going to be stuck with a whole lot of shares that you dont want to own.

    Does anyone who was at the AGM have a sense for what proportion of holders simply want out? Mr Moses has since suggested that it was about one third.
 
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Currently unlisted public company.

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