ODN 0.00% 0.0¢ odin energy limited

Ann: Voluntary Suspension-ODN.AX, page-28

  1. 10,370 Posts.
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    If I am not mistaken, ODN will be only released back to market after the completion of CR. Since the latest price before suspension was $0.010, the consolidation ratio would be 10:1. See previous announcement few months ago that after the consolidation of capital, ODN will do CR at @ $0.100 to satisfy the ASX Listing Rules i.e., asset test.

    I still do not understand why the ASX guidelines re RTO are applied to ODN in regard to immediate suspension? It seems that the suspension is a voluntary decision. Why???
 
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Currently unlisted public company.

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