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.
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held