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non-marketable share holders

  1. 590 Posts.
    ERG's annual report makes an ineresting reading material..

    An army of non-marketable share holders is staggering.. Must have been resulted from the restructuring ?

    There were 22,554 holders of less than a marketable parcel of shares (hold only about 13 million shares). The percentage of the total holding held by the twenty largest shareholders was 43.92 %

    I think the next logical step would be offering to buy out or voluntary on market sell of non-marketable parcels to eliminate the cost of carrying 22 thounsand + share holders..

    All in all, the balance sheet at workbook look very healthy...

    Good luck to all


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