"just boils down to IPT saying "we need more time to write a proper announcement" How simplistic! A DOCA is a binding agreement between a company and its creditors, outlining how the company's financial affairs will be handled -- incorporating numerous moving parts -- that enables a company to restructure itself in order to facilitate its ongoing corporate existence and trading ability, and deal with the company's creditors' existing claims under a formal arrangement. That detailed communications, written and signed set of exchanges takes time, and a suspension enables a TH to be extended until the variables have been locked down and better known, or fully finalised. Standard operating procedure. Cheers, Ice
IPT Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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