And there we have it ..... the company is unable to satisfy the ASX that it's financial condition is adequate to continue having it's securities listed on the ASX.
This brings us back to the listing rules 1.2 Profit Test and 1.3 Asset Test.
The company is unable to make a profit and it does not satisfy the minimum market capitalisation requirement.
What a shame administrators were not brought in a few years ago.
Ann: Suspension from Quotation, page-10
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