Ann: Request for Extension of Voluntary Suspension, page-107

It would nice if CGB clarified what stage of discussions it was at when the suspension was initially requested. I understand there may be ASX/ASIC scrutiny potentially, but is there something that stops the company providing a brief reasoning?

For all we know it could be as wildly variant as they were about to close and an agency initiated review, or they literally sent an offer and the other party had not even reviewed it before requesting a halt, so the request was premature.

Listing rules 17.2 states, upon other requirements, that the entity should state 'the event it expects to happen that will end the suspension'. The requests constantly refer to the 'release of an announcement by the company regarding a proposed acquisition'. What is the underlying event that is stopping this I wonder?

To their credit, there doesn't appear to be any leaking and they have cut off the ability for speculative P&D.

I do wonder if it has to do with a Canntab merger maybe, though nothing has been requested to halt Canntab trading.