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Too hard basket, page-235

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SuperTrumpy

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26/11/21

17:36

Post #: 57890576
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Originally posted by pomhat: ↑

no, if there's a material company changing transaction afoot it would get announced - in-line with the continuous disclosure rules. the fact TV2 is suspended doesn't stop those rules from applying (as off-market transfers can still take place)

the ASX wouldn't be packaging up all the announcements waiting to release them all at the same time.

if TV2 had prepared it's outstanding quarterly reports - they would be released
if TV2 had appointed new Australian based directors - the announcements would have been released
if TV2 had appointed a new company secretary - the announcement would have been released
if TV2 had prepared its latest financial statements and had them audited - they would be released

etc etc, you get the drift

ASX don't action the de-listing on the day of the 2-year suspension. it takes them some administrative time in getting around to doing so. I've referred to an example showing the kind of period it takes. if you're claiming that the delisting having not occurred today is positive, you'll need to cite examples where the ASX did act and delist immediately on the day of the 2-year anniversary.

even the fact that the company is in discussions with the ASX re an extension and is in talks re a material transaction, of itself, would warrant a business update announcement being made before or on today - the day of the 2-year anniversary. that fact pattern would be market sensitive and shareholder entitled to be advised of such. TV2 has not (yet) made such an announcement, the silence is telling - and there are only a few hours left for after-market disclosures to be made today

everything in the TV2 fact pattern lines up with and points to the company having ceased operations and having wound down to dormancy - not sure if it will ever liquidate and wind-up, given the lack of people around to actually do so. the window for being a valid backdoor listing vehicle for another business operation (run by someone else) has closed. again, if that was going to happen, it would have already been announced.

to believe otherwise, that the company (and current shareholders) have something to look forward to, requires things to be seen that are simply not there - an incredible leap of faith, ignoring what is plain and boringly right in front of you

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ok. But the all wise all knowing Az had a countdown clock. Doesn’t that count for something?

Last edited by SuperTrumpy: 26/11/21

TV2 Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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Too hard basket, page-235

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