Not sure about the validity of your point about the need to dance around the subject. I don't believe that the suspension will be automatically lifted by the ASX on any announcement. Happy to be proven wrong, but it will (I believe), only be lifted if and when the ASX is satisfied that the criteria used to justify the suspension, no longer apply. In other words, when the company can make an announcement that satisfies the ASX and that they can also resolve the queries resulting from their prior actions/announcements/intention to announce. Essentially there is also a 'cleansing statement' hurdle to pass before the stock can trade again with all required disclosures. Till then, they can say what they want as the stock is in suspension. I guess that also means that they don't have to say anything either as (again, in my belief), the requirements to comply with listing rules is suspended along with their trading suspension. Hence the 'cleansing statement' type of hurdle to escape suspension.
I think the 'debate' has moved on from disparaging people's views and concerns about the rationale behind the suspension to wondering why the company has chosen the 'silence' course of action. After all, the choice is theirs.
It is however, a moot exercise as there is nothing that anyone can do other than 'discuss', until trading recommences.
MRD Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
(20min delay)
