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13/06/17
14:43
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Originally posted by JK200SX
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Anyone know why the stock has been suspended from trading again?
Henry Morgan Limited (ASX: HML) (Henry Morgan or Company) refers to its announcement of 8 June 2017 relating to the interim stop order (Interim Order) issued by the Australian Securities and Investments Commission (ASIC) in respect of the Company’s prospectus for the issue of Bonus Options dated 2 June 2017 (Prospectus). The Company has today received additional correspondence from ASIC related to ASIC’s statement of concerns (Statement of Concerns) in respect of the Prospectus. The Company is currently working through the issues raised by ASIC in its Statement of Concerns with a view to resolving them as soon as possible. The suspension of both HML’s ordinary shares (ASX:HML) and listed options (ASX:HMLO) is requested pending the release of further information and updates in due course. The suspension is expected to last until the lodgement of supplementary disclosure (if and as required) or upon ASIC revoking the Interim Order. The Company is not aware of any reason why its securities should not be suspended, or of any other information necessary to inform the market about the suspension. Further disclosure will be made as the details become more certain.
ENDS Stuart McAulif
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These guys are professionals, so if they cant tell us what the ASIC concern's are about over the Prospectus well that's nothing to worry about of course.
maybe the cheer squad has the good oil for you.