HML 0.00% $1.99 henry morgan limited

Ann: Net Tangible Asset Backing, page-12

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  1. 27 Posts.
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    It would be an issue for the directors if the best guess was inaccurate and the stock was trading, the board would be failing their continuous disclosure obligations.  As it is suspended it doesn't matter so much - probably why the ASX isn't to fussed.  And that's the point now, the ASX has suspended the stock thereby protecting any mugs in the future from buying it.  There really isn't much else for the ASX to do apart from delisting the stock, but that's fairly moot once a stock is suspended and it doesn't make a great deal of difference to existing shareholders.


    The game has moved on, the ASX has basically done their job by suspending the stock, the real problem is the running of the company and that falls into ASIC's lap.

 
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Currently unlisted public company.

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