SMH = Shakes My Head,
~ Leo Lithium made the application,
~ the ASX replied to Leo Lithium,
~ Leo Lithium announced the outcome of the request to the market as per the Continuous Disclosure listing rules.
Quote from Leo Lithium's announcement:
Leo Lithium Limited (ASX:LLL))(Company) refers to 210,936,289 fully paid ordinary shares held by Firefinch Limited (Firefinch) in the Company, which are subject to ASX imposed escrow until 23 June 2024 (Escrowed Shares). The Escrowed Shares equate to approximately 17.6% of all shares in the Company.
At the request of Firefinch, the Company applied to ASX for a waiver of ASX Listing Rule 9.1 to permit Firefinch to sell the Escrowed Shares in an orderly and controlled manner and for the Escrowed Shares to subsequently remain free of escrow.
Again, when was the request made to LLL?
~ who made the request?, was it part of the knee jerk reaction at the same time they sold off the other LLL shares?
~ was it the outgoing/resigned MD or EC of FFX
~ was it the new (stand in CEO) or the current collective BOD, exploring their options for funding?
-- a bit like ringing bank A for pre approval for a home, no good, ring bank B? the analogy is in the theme of KSS.
Wait ----- OR was Leo Lithium derelict in their Disclosure obligations because they never released to the market that the had applied for a waiver?
Next Claytons failure to disclose? ?
cheersof course they can’t as FFX went into a TH almost immediately, apologies@BargainSallyI read it as pre, still they had the good sense to offload on the high
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