Ann: Company Update and Suspension Extension Request, page-10

How are they going to orchestrate a takeover which, based on historical transactions, I speculate would be paid for in shares?

Why would a seller take shares in a company which has not lodged financial data for this long? A seller can not make an informed choice on what they perceive the true value of each share of the company to be and, therefore, the consideration they are to be provided.

This merry-go-round continues - i.e.

i) No listing until transaction is finalized.

Leads to

ii) No transaction finalizing as the company is not authorized by ASX to proceed.

Leads to

iii) No ASX authorization to proceed until outstanding reports are provided.

Leads to

iv) No outstanding reports provided until the 'prioritized' transaction progresses or falls over.

Leads to

v) No transaction is finalized until re-listing occurs.

And back to square one.

The reports are historical data. There's still no reason given that they can't be released. Plenty of companies release their unaudited reports prior to releasing their audited reports. What's the deal?