KDY 0.00% 2.7¢ kaddy limited

Ann: Suspension from Official Quotation, page-10

  1. 3,016 Posts.
    lightbulb Created with Sketch. 1577
    It is neither a good or a bad thing - it is simply a voluntary suspension. The 2 day arrangement for a TH is simply an arbitrary number - 2 days.
    What happens if negotiations mean that something takes 3 days to hammer out? You would much rather, suspend the securities and get it done properly, than get it done "in time" but be saddled with something that is not appropriate.
    A voluntary suspension is simply that voluntary, nothing has been done wrong here and the ASX does not think there is anything wrong.
    However of course people will read into it all sorts of things.
 
watchlist Created with Sketch. Add KDY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.