Here is the link to the ASX Rules and Guidance Notes:
http://www.asx.com.au/documents/rules/Chapter17.pdf
http://www.asx.com.au/documents/rules/gn16_trading_halts.pdf
Looking more closely at the Company Announcement - there is no reason or justification or benefit that I can see.
Only a good opportunity for the share price to be trashed and for some cheap buying ....at less than one third of the cash value of the company.
I will be writing to ASX to object to any proposed Suspension.
Would be happy for anyone to explain why ASX would agree?
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