"the impact of the suspension of trade of HML Shares on the ASX since 8 June 2017 and the likely de-listing of HML by the ASX in the second half of the 2019 calendar year, given upcoming changes to the ASX Listing Rules"
"ASX is proposing to shorten this deadline to provide for the automatic removal from the official list of any entity whose securities have been suspended from quotation for a continuous period of 2 years... ASX is proposing that this change in policy will come into effect on 1 July 2019. If it does come into effect on that date... entities suspended under any other rule that have been continuously suspended since on or before 1 July 2017 will be automatically removed from the official list at the commencement of trading on 2 July 2019"
HML are gambling on the enforcement of this automatic removal from quotation (ie being kicked off the ASX) because they will, in just over two months, have been suspended for two years.
