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03/09/24
21:15
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Originally posted by stoodstill:
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The suspension has nothing to do with the deposits. There are, at least, two reasons for the company to be suspended, possibly three: 1) There is an insufficient number of board members. This is the easieast to solve; 2) The company responds to ASX queries and ASX is satisfied with the answers. If not, suspension will continue; 3) The company has no money. The cash is so low that a CR is urgent. Who is going to put money in a suspended company, with a new dodgy substantial holder, and with a dubious transaction of shares? Good luck to all. We will need it
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Could this end up as one of those multi-months suspension that eventually company delists ? Top holders got their money out already with off market sale at 99c ? Have not followed the bizarre going ons here - fascinating nontheless