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Q: Buying listed securities directly from investors holding small untradable stock ( No Answer,   1 Comment )
Question  
Subject: Buying listed securities directly from investors holding small untradable stock
Category: Business and Money > Finance
Asked by: ace24-ga
List Price: $24.00
Posted: 19 Aug 2004 00:28 PDT
Expires: 18 Sep 2004 00:28 PDT
Question ID: 389816
Please provide steps and procedures how to acquire/make an offer for
listed shares held by investors where the value of shares has dropped
so that its not economical (broking cost) for these shareholders to
sell on market.  Please provide answer with respect to Australian
perspective and considering the acquisition is to be made by an
external party to the company. The answer should also include how to
obtain permission to get contact list of all shareholders.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Buying listed securities directly from investors holding small untradable st
From: nadaanswers-ga on 30 Aug 2004 18:10 PDT
 
The answer should also include how to
obtain permission to get contact list of all shareholders.

1. All listed companies have registeries which you may examine. 

2. If the parcels of share are so small as to be unmarketable it will
cost you at least $2.50 per offer.  Eg Printing and postage Usless you
are buying high price stock such as Comm Bank @ $30 a share it may not
be worth it.

3. After David Tweed and the National Exchange the law has been
changed to make it harder.

BTW, I assume you have a security deals licence.

regards,

Richard Hayes

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