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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. |
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There is no answer at this time. |
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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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