IDG - Indago Resources

silly trader said:

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?

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skc said:

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.

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silly trader said:

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

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silly trader said:

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?

Click to expand...