Ann: Voluntary Suspension, page-20

I am dumbfounded that in a multi-trillion dollar stock market, the regulatory body is so inept.

The trading halt said "until the earlier of the commencement of normal trading on April 10th or when the announcement is released to the market". The market opened at 10am. The stock remained in a trading halt. A voluntary suspension came out, according to the ASX, at 10:07am, but if I recall correctly, it was more like 10:15am before it was published.

Even if we take the ASX clock as being out by 5-10 minutes, and that the 10:07am time is correct, the stock should have been trading for 7 minutes between the trading halt being lifted and the suspension being applied.

It may sound completely trivial to some, but I find this absolute lack of governance a disgrace and it further highlights the haphazard way in which the ASX operates. A kindergarten would be better organised.

On other matters, I am confident that 3D Resources would have known that the information would not be ready in time for the market open on April 10th and therefore should have requested a suspension earlier.

/rant