Our only chance is CB having a RTO he is happy to progress and ASX give a short extension to sort the Audit stuff, If it can be sorted? who knows whats been going on all this time?
I too have done a lot of cash here as well, and why would you not, have a look at the ann's leading up to the suspension, just appalling.
27. ASX is therefore proposing transitional arrangements on the basis that the Guidance Note expressing the new policy will take effect from 1 January 2014, to coincide with the normal annual long-term suspended entity review process. If as at 1 January 2014, an entity’s securities have been continuously suspended: for 12 months or less, it will be subject to the new policy effective immediately – ie it will automatically be removed from the official list after three years’ continuous suspension; or for 12 months or more, it will be automatically removed from the official list on 1 January 2016 if its securities have not resumed trading.
28. In each case, ASX will retain the discretion to grant a short extension to the three year / 1 January 2016 automatic cut-off if the entity can demonstrate to ASX’s satisfaction that it is in the final stages of implementing an announced transaction that will lead to the resumption of trading in its securities.
MKE Price at posting:
9.0¢ Sentiment: None Disclosure: Held
