Has anybody else noticed starting early this week/late last week that after Price/Volume queries are issued by the ASX (or Speeding Tickets as they are referred to) that companies are going into suspension pretty much straight away. This wasn't happening before. Also these shell companies as soon as they announce an RTO they are also going into suspension?
I don't know about you but I don't want my capital tied up immediately after an acquisition announcement for 3 months or longer..
I'm getting out of the shell game & will be focussing on these post re quotation now. Not worth the hassle of lockdown.
Regardless of the proposed changes the ASX & ASIC appear to be tightening the screws on RTO's and while it will likely improve the quality of new listings moving forward it means headaches for us and others. I hope we resolve everything orderly and get on with it.