Ann: Suspension from Official Quotation , page-39

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  1. 4,583 Posts.
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    travelbug2

    Sorry to seem pedantic, but there is an important difference between suspension and delisting.

    GCN is not delisted - merely suspended, until (presumably) it answers one or more questions to the satisfaction of ASX.

    Of course for a shareholder there is little immediate difference, since money can't be got at.

    However delisting leaves no hope at all, whereas with suspension there is still hope.

    Mind you, GCN's sister company Sino Strategic International (SSI) was grounded over two years ago on the ASX reef of accounting compliance. It has been suspended for over two years. So I am keeping my life jacket handy.
 
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