Does anyone have any experience or thoughts on how these sort of things play out?
I assume this would be material, given the trading halt. I can't remember seeing any other correspondence in respect of this.
From austlii, contraventions of the CA section referenced, 708A(5), are discussed in 708A(9):
--------------------
"Obligation to correct defective notice
(9) The body contravenes this subsection if:
(a) the notice given under subsection (5) is defective; and
(b) the body becomes aware of the defect in the notice within 12 months after the relevant securities are issued; and
(c) the body does not, within a reasonable time after becoming aware of the defect, give the relevant market operator a notice that sets out the information necessary to correct the defect."
--------------------
Under schedule 3 down in the basement of the CA, the suggested penalty could be up to a maximum of 2 years imprisonment in respect of a contravention.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.44M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $3.263K | 1.493M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
73 | 78248835 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 63167611 | 38 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
71 | 77748835 | 0.002 |
30 | 166996566 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 63167611 | 38 |
0.004 | 52979062 | 42 |
0.005 | 12895880 | 12 |
0.006 | 1000000 | 1 |
0.007 | 1890755 | 4 |
Last trade - 15.09pm 29/07/2025 (20 minute delay) ? |
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