MED 0.00% 0.6¢ merlin diamonds limited

Ann: Update on Suspension, page-20

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,583 Posts.
    lightbulb Created with Sketch. 41
    Looking again at today's announcement, it does look a bit wacky.

    We are told that MED met with ASX. In my previous post I said things looked hopeful, but I'll withdraw that sentiment

    At first I thought MED was referring to a second and recent meeting.

    But did they meet again? Are they referring to the original meeting on 5th November, after which MED said: "MED has determined that two independent non-executive directors would be appointed to the Board of Directors of MED (to the satisfaction of ASX) . . .If ASX is satisfied with the outcome of the Board Review, MED expects it securities to be reinstated to quotation on ASX soon thereafter."

    I have a feeling that it could be MED has done sweet fanny adams since the original meeting over three months ago!

    It's highly significant that we haven't been told of the appointment of the two independent directors. The listing rules mean that would have to be told of them whether or not MED is suspended.

    Let's keep pressure on the ASX to tell us what is going on. I don't trust MED.
 
watchlist Created with Sketch. Add MED (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.