The suspension stopped being voluntary the second HML decided to cease lodging NTA and their financial reports... this was extended by the 10.1 breach..
You can't expect ASX to lift the suspension while HML continue to try and pick and choose which rules they comply with
The most galling part of this announcement is the reference to an expected NTA jump coming from shareholders swallowing the "cash but no actual cash" deal from a related entity trying to buy back shares in itself at a price way less than it issued them for. A business which doesn't have the dollars, isnt worth the dollars and has no track record of raising those dollars.
It does have a track record of disclosure issues, 'creative' explanations and, ahem, 'fluid' related party dealing, though. Which bodes very, very well for the future.
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Ann: Update on JB Financial Group transaction, page-5
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