"...
the Company is still in discussions with the ASX and is not yet in a position to make an announcement at this time. CGB requests a further extension to the current voluntary suspension, pending release of an announcement by the Company regarding current research initiatives, as referenced in the Company’s original trading halt request. It is expected that the announcement will be able to be made by Tuesday 2 June 2020."
Well ... Tuesday is the next possible opportunity to find out something about these "research initiatives".
If I was speculating, I would say that the ASX has asked CGB for specifics, clarification and or supporting evidence regarding the material of their intended announcement. The length of the suspension seems to suggest that there might be some difficulty satisfying whatever it is the ASX are "discussing" with them!
The machinations of CGB - merriment and surprises abound! Well ... except for the long suffering shareholders who have probably come to expect such events.
Since the "company transforming" cap raise, holders who participated are sitting on an 80% loss. To get back to the cost of a cap raise share the SP needs to increase by 400% - just to break even. Not sure if the company was transformed - but it seems that the value of a parcel of shares purchased at that time has been most definitely "transformed"!
AGMPL will still get paid the '
management services agreement' fees whether the shares are suspended from trading or not!
![biggrin.png](https://hotcopper.com.au/images/smilies/biggrin.png)