Ann: Received ASX letter of 18 December 2019, page-70

Hi @HoganHound it is possible the ASX will list a series of steps which AB1 can take if they choose to relist

I am hypothesising here but for example ceasing the sale of NFTs inside game play

Sale of NFTs is an amazing revenue line for AB1 and bascially at a 100pc gross profit margin, (sale of a digital good with no real cost of production) so its probably possible for AB1 to remain listed but only if they change their business model which will invariably hurt the AB1 economic returns

Its all extremely unfair.

I have spent most of my career overseas and i cannot believe what the ASX is doing, applying rules with no forewarning of their introduction and no time to adjust to them. its just brutal. And as well through through as kevin rudd's retrospective mining tax. Hmmm.

i think it speaks to the culture of the ASX which is a privileged company, as the operator of the single market. Its behaviour should be held to higher account. Culture starts at the top. I find it extraordinary when i look at their board of directors that they could hire the disgraced banker Ken Henry as a board member, who was sacked as NAB Chairman for his flippant attitude during hte royal commission. Charging dead people at NAB ... rife. AUSTRAC charges for failling to report SMRs, coming. Mooted $10bn fine ... disclosed in last week's AFR. WTF ?! The single market operator hires this guy ? They could have anybody, and they choose this guy.

Then there is the ex macquarie stooges as well as the Westpac risk committee ... all sitting on the board of the ASX ...

good luck to us all. we all need it, when we are dealing with this.