Having an outstanding account receivable of $250K on the books would be a good thing for the ASX listing. It is not an "obstacle". Wiping the debt clean has not helped in any way, in fact, common sense says it is a bad thing to lose $250K. It's like me saying you owe me $250K but I'll let it go because I'm bankrupt anyway... It places more obstacles in the way of the company to remove the ASX suspension.
We should ask how many people here are planning to buy when the stock relists and I'm sure the answer will be "no one". Everyone will be a seller. So if there are very few buyers, how low will the price go? The lowest possible price on the ASX is 0.1c. What do our holdings look like at that price? Mine looks very dismal. I am assuming I have lost everything. Then if I can get some of it back I will be very happy.
If they ever relist there will be an announcement in advance. I hope they relist with as much good news as possible (naturally) and with none of these gobbledegook announcements that sound good but in reality say nothing. If they have good news (can't see the ASX allowing them to list without that) then I would like to think they will do a roadshow to drum up interest in the stock, but I am past assuming and hoping they will do conventional, common-sense things like otherwise normal, smart business-people would do.
EVM Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held