It may smell, but also could be a clever way to respond.
If profit is not achieved or only a minimal profit results, then all the ISX time, effort and resources taken to respond to ASX and ASIC can be cited to shareholders as the reason for a lack lustre result.
Same response can be used against Authorities (ASX) if they cannot provide justifiable reason for the suspension other than "we can, because we the ASX"
- Forums
- ASX - By Stock
- SP1
- Ann: Shareholder Update
Ann: Shareholder Update, page-83
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