Brocker continues sell-off after vote

Brocker Technology Group is sticking to plans to sell off some of its operations after shareholders passed a vote crucial to its continued listing on the Nasdaq.

Brocker Technology Group is sticking to plans to sell off some of its operations after shareholders passed a vote crucial to its continued listing on the Nasdaq.

But whether the vote will be successful at keeping Brocker on the tech-oriented stock exchange depends on its share price staying the same or gaining in value by the time the four-for-one consolidation is passed at the end of this month.

Brocker’s share price is sitting at $US0.25c, the lowest it can go without jeopardising the minimum $US1 mark needed for the consolidation.

Brocker is also going ahead with plans to move away from speculative intellectual property interests and computer distribution and focus on telecommunications and services. Brocker communications manager Nigel Murphy says the company is in discussions with several parties for possible sales of business units including ICS, Brocker’s cellphone services business, Easy PC, its PC rental company, and a call centre servicing Sky TV. He says these discussions surround expressions of interest rather than formal offers at this stage.

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