RFT 6.67% 1.4¢ rectifier technologies ltd

Ann: Suspension from Quotation, page-2

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    The compliance issue is related to

    Section 201 of the corporation Act 2001?
    (1) A proprietary company must have at least 1 director. That director must ordinarily
    reside in Australia. (2) A public company must have at least 3 directors (not counting
    alternate directors)
    RFT have announced an additional Australian director ....which is likely to bring them
    back in compliance ....doesn't seem huge problem ... but still dissapointing ...jimo
 
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