Not sure when it will be put to vote.
Just got back from holidays. I think i will flick them an email.
Thanks for posting. It would be handy if any other posters seeking clarification from Aus Super post their response. I have holdings in 3 accounts including Aus Super.Hi all positive and negative posters.
There has been some very concerning posts in the past couple of days linked to we would be forced to sell our shares through our super funds. The below is advice I received from Australian Super only.
I got this directly from the representative at AustralianSuper fund (direct investment option platform) tonight at 730pm (open to 8pm)
It is not up to Australian super with how a company is delisted on the ASX so if the BOD of BrainChip wish to delist from the ASX and transfer to a US stock exchange then Australian Super will not force you to sell your shares.
If the BRN BOD state in their ASX announcement that they will honour and look after all their retail share holders etc transferring to the overseas stock exchange then it will happen on the T&C’s outlined by BRN BOD.
The guy said once the delisting and transfer to new stock exchange has occurred then it may take a week or two before you see your investment switch in your own direct investment option with Australian Super but nothing to worry about as all the costs will be with BRN. Yes probably funded by LDA’s capital raise etc or any contract wins before the proposed ASX delisting.
Hope this helps ease some minds but don’t care what the likes of Dolci, mickleboro and co state in their posts linked to this delisting or other shite as it’s all scare mongering from my point of view.
Let’s go with the Facts on this proposed delisting by BRN BOD based on what their intentions are based on the details provided in their ASX announcement the other day
Have a good weekend and try to relax with a few beverages tonight even though it has been a rough couple of days dealing with all that has been announced via BRN on ASX.
Note - please still DYOR as this may not cover some other super funds. Give them a call next week and share your experiences on TSE and even the crapper.
Cheers
The Pope
Just got back from holidays. I think i will flick them an email.