In case anyone is wondering WHY this suspension is taking so long..., page-50

Pulled from the ASX guide lines article posted by another member yesterday!

Simple Agreements for Future Equity (SAFEs) and Simple Agreements for Future Tokens (SAFTs)ASX also highlights its concerns about entities using SAFEs and SAFTs. SAFEs (and SAFTs, if the underlying token is a financial product) will almost always constitute the offer a security for the purpose of the listing rules. As such, listed entities using SAFEs or SAFTs need to consider whether:the terms of the SAFE or SAFT are (in ASX’s opinion) appropriate and equitable – listing rule 6.1; andthey need to obtain shareholder approval before issuing the SAFE or SAFT – listing rules 7.1/10.11.ASX also suggests that use of SAFEs and SAFTs, whether by the listed entity directly, or its subsidiaries, can support an argument that the listed entity does not have an appropriate structure under listing rule 12.5.A couple of questions and a little more discussion and speculation!

QUESTIONS
1. Does anyone know why the Company has listed on the ASX? Are there favorable tax treatments, incentives or does the Company have any physical corporate operations in Australia?

I believe the former executive that came over to Animoca from Sony is heading up a portion of the deals and probably heavily involved with esports and future streaming efforts related to Twitch.

SPECULATION

If the Halt is indeed related to the Company using SAFE agreements and SAND TOKENS ( as they were used in the Cash Raise on 5-23 for The Sandbox) then again , this could explain the extended time frame utilized( for 10 weeks) and possibly of a continued very lengthy stand still share price wise ONLY!

The Company has probably secured extensive legal opinions in regards to the proper use of these types of agreements and obviously firmly believes their stance or interpretation happens to be the correct one or fall within an acceptable range!
( The Company does have a very experienced CFO and could increase the odds for a successful outcome )

On the other hand, you likely have the ASX digging in their heels if they do not see eye to eye on the interpretation of the use of these agreements, then pressIng the halt button !

It seems that The Company could be delaying the second potential Cash Raise for The Sandbox that they said was in “advanced negotiations“ a few months back and was a “similar” structure to the Cash Raise on 5-23-2019 until an agreement could be reached with the ASX.

I think The Company’s first choice would obviously try to reach an agreement with the ASX, as there are a lot of deals structured in the last 18 months or so that most involved issuance of shares, Aussie dollars , coins , etc.
The fact they are willing to go the distance on this (potential) matter is possibly the way they have these deals structured may be very important to the business plan looking years out!

It would probably take a massive amount of accounting, legal, time and effort if their cannot be a reasonable resolution to the Halt and the Company could then be placed in a position to relocate to a more reasonable or understood operating environment !

The SILVER lining in all of this is The Company continues to add the infrastructure necessary for continued growth , is driving and closing additional partnership opportunities and has a healthy looking balance sheet and revenues!

all the above 100% my opinion and comments
please dyodd