http://www.asx.com.au/documents/rules/Chapter17.pdf
See Rule 17.13 is deleted.
Not too many reasons the ASX can delist an entity, so long as they still comply with the rules.
Otherwise the entity must request to be delisted from the ASX.
IMO to do so would be an admission of insolvency of the company.
Why not wait until either the annual fee runs out (Rule 17.15) or the announcement is made that the Australian entity is insolvent. The ann out today is the US entity is bankrupt which is where the majority of xTVs business was.
The trading halt is due to expire Monday next week, either it continues or we get the nod.
All imo of course.
