IDG - Indago Resources

[UMike]

Dunno about the snooze.

They are going to delist the stock which can't be good news for small share holders.

Very dissapointed with both past and present management. Sold all my freeholding ($6.4) and the $2.5 SPP so I haven't done badly but I belived this company could of been much more.

In delisting is this a psuedo takeover by the major shareholders?

 

[silly trader]

Can someone help me with IDG?

Hi All

can someone help me by explaining what happens to my shares in asx:IDG. i didnt enter the share buy back scheme and still own shares but now the company has requested they be delisted as they have reached thier required amount. does this mean i lose my shares and what should i do from here?

 

[skc]

Re: Can someone help me with IDG?

Hi All

can someone help me by explaining what happens to my shares in asx:IDG. i didnt enter the share buy back scheme and still own shares but now the company has requested they be delisted as they have reached thier required amount. does this mean i lose my shares and what should i do from here?

You still own the share. Just that the shares are no longer listed.

You can still sell your share to someone else, but you will have to find a buyer yourself. The function of the share market is to put all the buyers and sellers in the one place. But now this function is no longer available.

You should still be entitled to the profits and dividends of the company (oops, IDG doesn't pay dividend). IDG has quite a lot of assets on the books but that's no good if the shareholder can't access them.

These factors explain why everyone was bailing out and why the share price fell from $6.40 to $3.50 before delisting.

 

[silly trader]

Re: Can someone help me with IDG?

You still own the share. Just that the shares are no longer listed.

You can still sell your share to someone else, but you will have to find a buyer yourself. The function of the share market is to put all the buyers and sellers in the one place. But now this function is no longer available.

You should still be entitled to the profits and dividends of the company (oops, IDG doesn't pay dividend). IDG has quite a lot of assets on the books but that's no good if the shareholder can't access them.

These factors explain why everyone was bailing out and why the share price fell from $6.40 to $3.50 before delisting.

this compnay has a habit of changing its name and coming back, does anyone know if this will happen again ?

 

[skc]

Re: Can someone help me with IDG?

this compnay has a habit of changing its name and coming back, does anyone know if this will happen again ?

My crystal ball is in service at the moment. I will tell you when it is returned.

 

[Joe Blow]

Re: Can someone help me with IDG?

Hi All

can someone help me by explaining what happens to my shares in asx:IDG. i didnt enter the share buy back scheme and still own shares but now the company has requested they be delisted as they have reached thier required amount. does this mean i lose my shares and what should i do from here?

silly trader,

As your thread is about IDG I have decided to merge it with the IDG thread to keep all the IDG discussion in one place.