Ann: Voluntary Suspension, page-383

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Un1qu3Nam3

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14/01/19

21:07

Post #: 37112133
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Originally posted by Sharpey ↑

Originally posted by theghostwithin
The suspension is, according to the ANN on 4/Jan now invalid/expired however we have not heard from A40, or the ASX. I have never seen this before.

Can anyone explain what happens next?

I have to wonder, have the Singaporean aspect of this company forgotten that they have shareholders in AU and are accountable to the ASX?

I desperately want to buy, but not with management pulling stunts like this.

"I have to wonder, have the Singaporean aspect of this company forgotten that they have shareholders in AU and are accountable to the ASX?"

Yes of course. That's why they have coordinated for the shares to be suspended on both exchanges at the same time.

/sarcasm

What happens next is the shares stay suspended. If there isn't an announcement by market open tomorrow morning, the ASX will send them a "please explain" letter, asking for a new expected date for the announcement. The suspension will remain in place regardless as the announcement still has to be made.

Most likely we will have an update, either the announcement or another extension, before market open tomorrow. If not, I will have to agree that there's been a slip in the standard of market disclosures, as not having an announcement by tomorrow morning would create a great deal of uncertainty.

Cheers

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Why are we in the situation where we have to be guessing and speculating like this at 9pm?

A40 Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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Ann: Voluntary Suspension, page-383

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