Ann: Update on continued suspension of securities, page-25

https://www.bytepowerx.com

I spent some time trawling through old announcements/ here's a refresher of events.....

27/12/17 - Suspension from Official Quotation




<<<<< ASX QUERY 1 >>>>>
03/01/18 - Soarcoins suspended /COMPANY X Letter posted

10/01/18 - BPG respond to ASX Aware letter (about SoarLabs and that "COMPANY X" message, sequence of events over that New Year period).
<<<<< That Query Closed? >>>>>
 


<<<<< ASX QUERY 2 >>>>>
10/01/18 - BPG announce agreement with Noetic

18/01/18 - ASX Query BPG on Noetic Agreement / speed of agreement / Noetic website etc
08/02/18 - BPG Respond
19/02/18 - The above is announced to market

19/02/18 - BPG announce "Letter to SH", that ASX are not satisfied with BPG's response and the matter has been referred to ASIC
<<<<< The above is (partiality) what ASIC infringement is for (see below) >>>>>


 
<<<<< ASX QUERY 3 >>>>>
01/08/18 - ASX Query BPG  about the legal status of their BPX tokens and if they need an AFS License etc.
05/09/18 - BPG Respond 
<<<<< I assume this is ongoing >>>>>


13/12/18 - ASIC Infringement Notice, advising BPG need to pay $33k for not disclosing information between 14/12/17 (Soarlabs failings) and 10/01/18 (Noetic Agreement)... I.e. QUERY 2 above, and partially QUERY 1, but I assumed ASX were satisfied with BPG's response there.


So anyone (like me) who is curious what ASX and ASIC are still investigating,  it's pretty much the BPG + Noetic contact and the winding down of SoarLabs out of the picture; When BPG (Actually BPPL) signed the agreement with Noetic, SoarLabs were at the time 49% owners of BPPL.  BPG claimed they didn't need SoarLabs to agree to this Noetic deal...

The remaining beef that ASX + ASIC have with BPG which they are asking about is all there in that announcement of 19/02/18:

2A1065409_BPG.pdf


Yeah, reading this over again,  BPG have a really long way to go yet IMO.  It took ASIC 10 months just to determine BPG hadn't met their continuous disclosure obligations for a month period.... now they still got to vet all the contractual paperwork, make sure there are no porkies etc...

Relisting in early 2020 IMO, having reread all this over again.