”….The Company advises that it did not, and does not have, any material information which is announceable under Listing Rule 3.1 to enable its shares to be reinstated to official quotation. ASX considers, and the Company accepts, that the reasons given by the Company for the trading halt and subsequent voluntary suspension were erroneous. The Company does not have material contracted revenues or confirmed trade finance customers to announce..”
so basically the ASX required proof of revenue which CRO couldn’t provide.
took them a week and still couldn’t sort it out.
interesting days ahead
Ann: Request for reinstatement of trading, page-15
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