The ASX used to remove shares that had been suspended for "too long", but this rule was deleted in 2001.
Now it seems the company has as long as it wants. Obviously this is correct, because under the Corporations Act the Directors have an obligation to always work in the shareholders' interests at all times. So any suggestion that directors are stringing shareholders along while eeking out as much pay as they can would be wrong, actually more than wrong, it would be totally incorrect.
Directors - everything they do, they do it for you.
PDY Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
