CTR is still a publicly listed company on the ASX and bound by the ASX listing Rules. Ha!! Why have they been in breach of those listing "Rules" effectively since 29 February. "2. The Company believes that the suspension will end 29 February 2016, following the release of an announcement concerning the details mentioned above". Without that relevant announcement, the company is still in "voluntary suspension" but not one word has been stated about when that suspension is to be lifted, which triggers off a formal suspension having to be applied by then ASX.
It is all a mess, but, it would appear that existing shareholders might be lucky and get some form of report either on 30 June or close to 31 July, IF they are lucky, because there are seemingly no rules to which CTR are being forced to comply???
Does anyone really expect that Pearl owners will scrap CTR and seek a CR for a fresh listing as Pearl Global? The ultimate shot in the foot and an absolute disaster for existing CTR shareholders (from both the old CTR and the new Pearl stables).
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