That's an interesting question. Because they ( the Company ) requested the voluntary suspension with the specific time period of the announcement being released this morning and before commencement of trading on ' Wednesday 26th May '. And so my understanding is that the ASX granted this voluntary suspension based on Sayona's requested terms . And so if the announcement doesn't come at some stage today , they will formally have to request an extension to the suspension which brings us back to the interesting point of how long that will be.
And surely they must also be aware of one of the negative downsides to voluntary suspensions and specifically in reference to the 5 day rule where the Company should it list a class of securities through a cleaning low doc prospectus that their stock mustn't be in suspension for the shorter of 5 trading days from the listing of this new class of securities and / or the last 12 months.
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