I can't speak for anyone else but to my eye ASX has stuffed up.
Put simply ASX announced, with great bravado, that it was suspending trading in a company, evidently unaware that it had already approved the company's own request to suspend trading in order to provide what history has shown to be a comprehensive, diligent, and respectful response to the aware letter.
ie. On 26 April ASX approved BUD's request for suspension until 4th April.
Despite conjecture that they may have responded but it was not satisfactory please re-read the announcement today.
"ASX has suspended the securities of Buddy Platform Limited (the “Company”) from official quotation pursuant to Listing Rule 17.3 for failure to respond to an ASX query. The suspension will continue until the Company provides a satisfactory response to ASX’s query"
This is entirely different to:
"ASX has suspended the securities of Buddy Platform Limited (the “Company”) from official quotation pursuant to Listing Rule 17.3 for failure to satisfactorily respond to an ASX query. The suspension will continue until the Company provides a satisfactory response to ASX’s query"
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- Ann: Suspension From Official Quotation
Ann: Suspension From Official Quotation, page-33
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