Ann: ASX Approval Letter and Terms of ASX Waivers, page-80

Hmm ...

"No shares are being offered to anyone at 2 cents."

 

Let's re-read that paragraph (d).

"(D) Grants a waiver of listing rule 14.7 to the extent necessary to permit the issue of:

(i) A minimum of 57,000,000 Shares and a maximum of 170,000,000 Shares at an issue price of $0.02 each under the Capital Raising Offer;"

Given what you have posted, can you please confirm the purpose of part (i) of the waiver?

It is very difficult to accept that, "... the wording required with ASX technical Listing releases can be difficult to understand and interpret" is the explanation for that particular condition.

Even if it was, "... difficult to understand and interpret" is it good practice to simply wave away legitimate concerns with that kind of response? 

In my opinion, there is nothing difficult or technical in that part of that particular waiver (i.e. paragraph (d), (i) of Annexure A). Nothing difficult or technical whatsoever!

Q. Was the waiver sought by QBL as part of the discussions or correspondence regarding reinstatement to the ASX?

Q. Or, was the waiver referred to simply inserted by the ASX independent of any discussions or correspondence regarding QBL's reinstatement to the ASX and,

Q. Can the BOD confirm why that waiver that is noted in Annexure A will not be relied upon under this and that they do not intend to offer shares for $0.02c under this CR?

Hmm ... far, far from clear in my opinion.

Oh and @Bravobrad

"Not right all the time but opinionated yes."

Well ... yes ... guilty as charged. However, I have been labouring under the belief that the whole point of a public discussion forum was to have an opinion? Yes?

And yes, I'm not a holder! I am hopeful though that that doesn't that disqualify one from posting or having a view on matters?