Ann: Voluntary Suspension Update, page-22

The bullet point second from last in today's ann states

"In the Company’s opinion, continued trading of its securities is likely to be materially prejudicial to its ability to complete its major strategic objectives"

IMO there has been no material change in the last 4 odd months since when ECT has been waiting for RCA approval from NMDC.

If there was one, then why did not ECT go into suspension immediately knowing there was a material change.

If EFL incentive program or ECT board approved of RCA is seen as material change then ECT must have gone into suspension then.

If they where not seen as materially prejudicial, then what else has cropped up to be seen materially prejudicial since 13th March 2019
that makes the company to form an opinion that continued trading of its securities is likely to be materially prejudicial to its ability to complete its major strategic objectives.

If nothing has changed materially then the above statement from the company is misleading IMO unless some context is provided.

All IMO

DYOR