When a company lists or does a major restructure on the ASX, they have to do a minimum 8 quarterly cash flow reports, a 4C. That is the ASX rules. The ASX has the discretion to extend the 4C reporting if it seems fit to do so. The 8 quarterly 4C reporting has been met so there is no reasonable reasons to keep it in place. But, if the ASX can see that the company has issues regarding as a financial going concern, they will extend the 4C reporting period.
The fact that the ASX have given AB1 relief from 4C reporting means that smarter people with more resources than everyone here have some confidence in AB1. Ab1 cannot ask for exemption from 4C reporting because we are too small and we have an agreement in place with the ASX.
AB1 still have disclosure obligations to the market regarding trading conditions and company matters. All companies on the ASX have the same requirements so there should be no problem.
This is AB1 taking another step in the right direction with the confidence and scrutiny of the ASX.
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AB1 Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held
