There is obviously something else going on here behind the scenes. Over a week since last announcement to ASX queries and they still remain suspended. ASX obviously still not satisfied that they have informed the market. I am a holder, but I expect to see some more pain before any potential gain.
It would be nice to know that the directors have learnt a lesson and will operate the company on a more "standard" basis of dividends from profits. At the moment they continue to hoard cash which removes the only real benefit of an Australian holding these shares. The continued uncertainty and the lack of transparency in dealing with a Chinese business means that, outside of a dividend flow, the stock will never be valued appropriately and hence this only presents opportunities for the Chinese directors / insiders to profit at shareholder expense.
We can only but wait and see....
XPD Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held