Whilst this is a step towards clarity, the last paragraphs may keep the stalemate situation with the ASX continuing on.
There are plenty of o'seas sites that now offer the same service as Lottoland and ACU plans to match those but with a slant towards charity revenue sharing, though no one knows until we get to see their paper work to vote on the change of direction. Now they have closed down the donation side of the business, they have no operating business that is recognised by the ASX, so anything they are doing currently, will need a vote to get them relisted.
Whatever is said at the AGM does not matter if they cannot answer some simple questions.
Why are the ASX blocking you and how do you intend to get relisted to end the stalemate?
Complaining about the ASX's actions, does not cut it. The management chose to do this deal, not the ASX. The ASX earns fees from keeping companies listed and their rules are black and white and you are allowed to run past a " What if we do this?" scenario before take any action, like they have decided to do.
A$28,000 in revenue in 3 months. Oh dear.
ACU Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held