Htran7528 please imagine the choices ASX had.
1. Ask questions that shareholders need answers to.
2. When key documents not lodged, give deadline with consequences - suspension.
3. Trading irregularities, lawsuit from mejority, no response, suspend.
4. Now xpd is illiquid. Bankers come knocking on Jiameng and co. Mejeority gets directorship!
5. Xpd now appointed auditors, pays auditors, releases key documents and schedules AGM. Behaves like a real company.
5. Extension to deadline was requested. More details of interest to shareholders are requested. Directors asking Jiameng and Co those very questions with ASX backing the directors.
I say we have made ASX work for their fees. This is why I value the ASX. No I do not want to sue them at all. If it comes through, buy them a nice champagne.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held