"Rozen0077", I am not expecting any update until the BUR / SSG is ratified by the ASX. I suspect confirmation of this will be a brief announcement advising that trading is SSG securities will commence on a certain date, a day or two only before that date.
Given that BUR is suspended pending the transition to SSG, I am also not expecting any ‘business’ based announcement involving MOU’s, deals with providers, launch dates and the like. I am sure this will all come once SSG commenced trading.
The consolidation of shares is currently being done. I know I have received my new holding at a quantity of 1/5 of the pre-suspension, last day of BUR trading. There has been no adjustment to the price though. The new price will be set by the market on the first trading day when SSG is in pre-open and then commences trading soon after.
I hope BUR / SSG do not pre-empt the ASX trading date and only advise us when it has ASX confirmation. “End of April” is an ideal estimate, given all goes to plan, but as I have mentioned in previous posts, RTO transitions do not always run to plan and overruns of ‘estimated dates’ are more common than not. A more realistic opening of SSG trading time may well be middle of May. If it is before, great!
