Now that we have gotten the formalities out of the way.....vis-a-vis all the Backslapping - lol
Lets get down to a few additional discussion points to promote further quality discussion.
A strange though occurred to me today as I was going about business as usual ..... And that thought was was in respect to Listing Rule 17.15 under the heading of Removal for non-payment of annual listing fee - Which state that if an entity does not pay an annual listing fee as required under rule 16.5, ASX will remove the entity from the' official list at the close of trading on the 20th business day after the due date. It further states that ASX will not waive this rule.
So folks even after non-payment from an entity which potentially and in more cases than not hasn't got the funds will get 4 weeks to resolve their ' cash crisis '.
So I thought it a bit odd that we only received.....what 4 days. All of this of course given the HDY BOD could not have known how much time the ASX would have needed to consider its detailed response.
Would the ASX have considered the mere fact that HDY and VIC who were obviously sharing common staffing resources in trying to satisfy the ASX's rather involved ROI's across TWO organisations. Could it be possible that they have considered this may be in part the reasons for the delays for HDY which resulted in the onerous task of marshaling legal and third party responses in attempting to satisfy these ASX queries of both organisations. I think we all know the correct answer's to these logical questions and observations.
My last observations would simply be that if the ASX was so genuine in its concern's about small shareholders. Why did they only give them 4 days to digest this rather traumatic announcement and to perhaps prepare and act in the interest of salvaging if not saving their individual investments. The provided an email..... Surely they must have anticipated a tsunami of Investor concern's ......starting with @Maltisani's....
HDY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held