I got this letter from ACACIA COAL, a company that i invested around 5k in over 10 years ago, and keep in mind the millions of bot trades worth a few cents per trade ALLOWED by the ASX on a daily basis across all companies going back even before i had Acacia shares.
Dear Shareholder,
Further to the recent letter sent to you, we advise that your unmarketable parcel of shares have been sold for 0.01390861507691 cents per share. Please note that Acacia Coal Limited has paid all brokerage costs and goods and services tax assiciated with this transaction. Enclosed is a cheque for $68.25
So it's ok for a hedge fund to buy one share at a time, but NOT OK for a long term shareholder that is unfortunate enough to have his shares diluted over the years to end up with an unmarketable parcel, they are then forcibly sold unless you "top up" and pay more brokerage to do so, unlike the scum that rort the ASX every day, it's gratis for them.
