The delay is ultimately on the company, not the ASX. The ASX is indeed doing an extended review, but they aren't doing it just for the sake of doing it.
The ASX are requesting more information on some of the content within the announcement, which means something in the company-generated announcement did not meet ASX requirements, which the company should know like the back of their hand.
If the announcement of the deal has a tonne of content, or it has claims about revenue etc, it needs appropriate justification. Providing that information is on the company, no ifs or buts. The ASX rules aren't hidden.
Given that a lack of detail from the company regarding the convertible notes/debt position caused the delay with the Annual Report, and now it appears a lack of required detail in the partnership announcement is the problem, it's something that should be addressed by the company.
it's just the beginning for Cirralto!, page-2951
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