reinstated monday morning, page-16

re: reinstated monday lyns Sandy,

think you're over reacting a tad (unless that is, you'd T+3'd a whole stack in a momentum play, couldn't offload them, and had to scramble to complete with money you didn't have handy - that's probably the only way I could see that it might be a 'friggin disaster').

Lots of companies get suspended for a number of reasons - for example, AWE was suspended for a few days recently during a capital raising. So, suspension of itself is typically no big deal at all.

Agree though, non lodgement of accounts on time isn't what we would have liked or expected to happen - and we do not want it to happen again (and I'm sure it won't).

My view is we forgive the odd transgression, particularly if we know they are working hard to make up for it.

I'm in NDO for the long haul, as long as management continues to enjoy my confidence, and this episode to me has not affected that materially.

Besides, I know from experience that an issue discovered late in the piece by auditors, who will often want documentary evidence from a third party, can often blow your timelines out of the water. Makes it worse if you're already running to a tight timeframe though, so expect them to be better organised and allowing for these contingencies in future.

Cheers
OG