Bugga. I hold all my shares in Aus Super. Fingers crossed there's a few juicy announcements before the end of the year or early 26.For those that hold shares through Australian Super - Members Direct I have taken this extract from Member Direct Investment Option (pg 13). Where it says the following:
Situations where we can transact on your account
We can dispose of your Member Direct investments or make a cash transfer between your Member Direct Cash account and your other AustralianSuper investment options without your consent in the following circumstance:
- if we have provided you with notice that a company or product issuer intends to delist from the ASX and you have not sold the relevant shares or units by the date specified in the notice,
Australian Super does allow the Members Direct option for International EFT's not individual companies.
Last time I looked there was over 30M BRN shares held by predominently retail with Australian Super. Shorters will wait for this dump before delisting.
Australian Super has done this to me on another issue with an ASX listed company. I had no warning and no chance to explore my options.
Definitely not financial advice.
I also hold half there. FFS! So that I wasn't tempted to touch them. Wish I had been as lucky as Anil to sell some off a while back. What luck!!Bugga. I hold all my shares in Aus Super. Fingers crossed there's a few juicy announcements before the end of the year or early 26.
Well maybe move to hostplusI also hold half there. FFS! So that I wasn't tempted to touch them. Wish I had been as lucky as Anil to sell some off a while back. What luck!!
oh wow this will bring us back to 2 dollars! Great find… now I really feel better! Thanks! Dilution? Delusion? Who cares?Found a project 2 of our partners are working on https://www.eenewseurope.com/en/globalfoundries-mit-team-on-photonic-ai-chips/
I think they will consolidate our shares e.g. 40 shares at 0.2 dollars into 8 dollars which will convert to usd 5 ish... as one of the requirement is to list it over 4 dollars (as per chatGPT lol)...I was thinking exactly the same @JoMo68 Maybe get some of those Ai handouts $$$$$$$$$$
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But also just want this transition ( if voted for) is going to be as quoted !!
"and ensure that existing shareholders continue to hold securities listed on the US exchange, equivalent in value to their existing ASX listed stock (BRN)".
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I personally think a NASDAQ (Or other) listing is the way forward for BRN and will bring more future wealth to us shareholders as the US will bring so much more exposure and mix it up with 'The Big boys of the world'! The ASX will always keep us heavily restricted IMO!
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(As long as we don't lose out with the consolidation!!)
Oh well we will have to wait this out and see what eventuates!!!!
Good luck to us all ....![]()
It sucks doesn't it.Bugga. I hold all my shares in Aus Super. Fingers crossed there's a few juicy announcements before the end of the year or early 26.
If you live in the past you can never move forward.Dingo I read one of your posts today didn’t sound as though you were so convinced either this was a good thing.Price is going one way and as I ve said before every time the board or Sean open their mouth the share price goes down. Remember if they take the share to the USA no more AGM’s in Australia no accountability to Australian shareholders try asking them a question then or asking for a explanation
if I had some money yesPlease don't tell me you are buying some more, old chap?![]()
Could the move be voted on at the AGM ?I’m struggling to get my head around the timing of informing the market of the intended move from the ASX .
Wasn’t A & B enough
(A). We deliver another disappointing year financially !
(B) We inform the markets of another CR !
Why not wait a month or 2 , instead of piling on a 3rd reason for more carnage.
They'll want us to vote for it at the AGM, which is only a couple of months away.I’m struggling to get my head around the timing of informing the market of the intended move from the ASX .
Wasn’t A & B enough
(A). We deliver another disappointing year financially !
(B) We inform the markets of another CR !
Why not wait a month or 2 , instead of piling on a 3rd reason for more carnage.
The bank always winsThey'll want us to vote for it at the AGM, which is only a couple of months away.
Too big an item to drop at the last moment.
We need time to digest it and hopefully be convinced by some kind of a charm offensive.
Whilst I'm sure they know they have the numbers to ram it through, if they have too, it would be a much better "look" for them, if it can be shown to have general retail approval too.
This is what I'm hoping for at this stage.
A reasonable announcement or two, with some actual dollars attached, to give the Company some vestige of commercial viability and address our preposterous share price.
It would also be nice to have some acknowledgement and reward for the thousands of loyal shareholders who have supported the Company for years.
The BOD couldn’t care less what carnage on SH they deliver, I really don’t think it even crosses their minds..I’m struggling to get my head around the timing of informing the market of the intended move from the ASX .
Wasn’t A & B enough
(A). We deliver another disappointing year financially !
(B) We inform the markets of another CR !
Why not wait a month or 2 , instead of piling on a 3rd reason for more carnage.
Could the move be voted on at the AGM ?
Possibly so , if that’s the case a vote at the AGM.They'll want us to vote for it at the AGM, which is only a couple of months away.
Too big an item to drop at the last moment.
We need time to digest it and hopefully be convinced by some kind of a charm offensive.
Whilst I'm sure they know they have the numbers to ram it through, if they have too, it would be a much better "look" for them, if it can be shown to have general retail approval too.
This is what I'm hoping for at this stage.
A reasonable announcement or two, with some actual dollars attached, to give the Company some vestige of commercial viability and address our preposterous share price.
It would also be nice to have some acknowledgement and reward for the thousands of loyal shareholders who have supported the Company for years.
Kinda disagree there.The BOD couldn’t care less what carnage on SH they deliver, I really don’t think it even crosses their minds..
“The share price will do what the share price will do” or what ever it was that was said.