Eurotunnel/GET shares

This seems quite a common way of getting rid of small shareholders. I had some shares I got free for an internet spamming company. Like most, I had 10 shares... So they consolidated them, 1 new share for every 11 old ones... fractional holdings disappear, company keeps the value. I expect it tells you this in the blurb somewhere.

Tiddy Ogg.

It's not usual IME for listed companies to keep the value.

Either they will send the individual a cheque for their value of the shares they have lost or the consolidated value will be donated to charity.

tim

In message , tim..... writes

I bought 4400 shares (1000 pounds worth) in a certain company. It didn't do well. It was sold and re-structured, the new buyer taking on its unsecured debt in return for 98.5% of its shares. My original 4400 shares were replaced with 9 new shares (worth about 70 pounds) in the restructured company.

The company was again restructured and also re-branded. Again my shares were replaced, and I have ended up with ONE single share (worth about 12 pounds) plus a cheque 40 pounds. So at least this company did pay me what it 'owed' me, even though I have lost out at every step of the way. [But why did they not give me 4 shares plus 4 pounds change?]

What good is one, single share (an American one at that)? Why did they not simply pay me off completely. Keeping me 'on the books' must be totally uneconomical for the company. All I get out of it is the annual company report (about one inch thick), and this goes straight into the recycling bin. I'll never be able to sell that one share, as the commission will cost me more than what I'll get for it.