"that the potential exposure to costs, penalties and other liabilities for the Company is significant; that the Company is engaged on a path in response to these matters; and that the likely timeframe for resolution of these matters is not currently capable of being determined"
from Point 6. in the announcement.
this is the angle being taken by ASX imo. the ASX is extremely cautious when it comes to companies AT RISK of encountering expenses due to legal actions
imo its a gross overkill and could adversely impact the company credibility; but its what they've done before and will continue to do.
sure thing Ultra, a class action against ASX for damaging the company and our investment.... but ASX includes a heavy team of lawyers. got the picture?
- Forums
- ASX - By Stock
- PET
- Ann: Update on Going Concern Status
Ann: Update on Going Concern Status, page-18
-
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PET (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.60M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PET (ASX) Chart |
Day chart unavailable