Ann: Reinstatement to Official Quotation - 22 August 2016-OIL.AX, page-4

Thanks Nightowl7.
When I spoke with Micheal Corry, on Thursday, he indicated reinstatement within 2 weeks. Well, it was 36 hours later we got the announcement. Quick, so must have meet all requirements.

What puzzles me it that it will happen seemingly before the $1m is paid for the 35m shortfall shares.
Lets just say, if the shares crash below 2.5cents, and the underwriter pulls out, it will be a problem.

A fine will apply, but OIL wont have the $1m, and may have to cough up legal bills to fight.

I just wonder whether $1m is a lot more to cough up that expected by the underwriter? It hasn't been paid yet !!
Im sure its all above board, but why OIL wants to reinstate on Monday, without the money in the bank ??
Possibility prices going way below 2.5 cents, or triggers a pull out clause concerns me.

But then Im no expert, so please forgive me if my comments are incorrect and not qualified.