Hi. When, and how, did you get that message please?
Edit - just found it thanks.
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I’ve not had that message. Good work as usual, Freetrade.
It appeared when I opened the app yesterday and I re found it to copy on the web portal but not on app messages.
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It turned up when I went in the app for the 2nd time today. Hmm.
I saw this message yesterday, does this now mean that 1 share will have the same monetary value the 20 shares have at the time it becomes effective?
Example;
1 share now is currently at 12p~ would that mean the 1 (replacement) share will have a value of £2.40?
I can see it mentions what happens if you have less than 20 but What happens if we have an amount of shares left after however many 20’s have been replaced. Would we also get a cash payment for the surplus?
Hi yes whatever the price is on conversion day each share will be worth 20 times as much but you will have one new share for each 20 old shares so you will have the same moneys worth just in a smaller number of shares
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I thought that would be the case, just wanted to double check. What about my second question?
I assume we’d get the cash value back for the surplus?
Yes any amount of shares than can’t be divided by 20 (so 19 maximum) you will get the cash amount of their value back.
I’ll be able to average down rather than up if this carries on. Hopefully get to add a few more before consolidation day
So with the confirmation that its a cross listing on ASX and AIM, have @Freetrade_Team decided if they are going to have the new Greatland Resources company available to investors?
Look about 10 or 11 messages up I copied and pasted what freetrade have said.
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