The ASIC website shows that the interim stop order on 7 August 2014 under section 1020E(5) of the Corporations Act was replaced today with a new stop order under to section 1020E(2) .
This means the G Spot's 10 cps offer cannot proceed while this 'stop order' is in force.
If yesterday was a real bad day for G Spot Investments Pty Ltd, then the 22nd August could be a 'dies crapius et horribilis' with the main players asked to attend the ASIC interrogation rooms for a grilling with or without their lawyers.
I would love to be a fly on the wall.
PPN Price at posting:
20.0¢ Sentiment: None Disclosure: Held