>I can't tell whether it is an ASX or company driven thing but either way it has to be substantial one >way or another otherwise they would not have gone into a suspension.
The announcement does say the company requested the suspension.. so I presume it will be positive.
My guess is that, maybe the company was trying to prop up the SP (eg large bid @ 6c), and maybe got caught out too early for say a Capital Raising or SPP. And now have to maybe bring forward plans a bit &/or clear with 3rd party etc.
But agree a speeding ticket for a penny/speculative stock I would think 50+% would be more appropriate, or is the Tech boom really over??! sigh!!
COZ Price at posting:
8.1¢ Sentiment: None Disclosure: Held
