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Ann: Removal from Official List, page-38

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Christopher67

1,004 Posts.

453

04/03/24

14:39

Post #: 72733545
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Originally posted by Beginners_luck: ↑

Well there is a simple options for those that wish to be able to actually claim the tax loss, I guess that option at least gives people until June to see if the fairy tale has merit and ah option to offset losses at tax time.

Yeah I don’t believe it’s as simple as the damage control statement is regarding re listing, I’ll see if I’m bored enough at some point to find an example of any other imo dodgy company’s and their members that have been in the ASX crosshairs for years that have pulled off such a feat or if it’s just as I have seen with others in quietly fading away to nothingless.

Without the most valuable thing- being listed on the ASX, and no operational or financial updates in so long, all the deals and partnerships that have disappeared or been quietly terminated, you can only assume the shell is completely worthless and nobody can claim they have anything left in the accounts until shown otherwise, which now is not a requirement to even show shareholders.

If anyone thinks the reasoning given for a 15+ month suspension (acquisitions), and the DD excuses to stay in suspension right up to this point of being delisted is warranted and then thinks it’s OK and to completely ignore their legal duty’s as a director of a public company and actually holds on hope still, surely must be delusional.
All that talk of “they must be working with the regulators” dribble.

I’d be ropable about such actions and the blatant disrespect shown to shareholders.
Embarrassed if I was part of the loyal pro posters who would jump on anyone not part of their echo chamber in these gutter threads over the years.
Understandably, hope is all that is left now for some.
Interested in seeing how this plays out from here.

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100% there is little chance this will re-list. And now their accounts are safely beyond any scrutiny.

It is embarrassing the amount of hopium that is spewed on the forum, and the quick stamp on any negative view with accusations of bullying, racism and of course the worst of all "but you don't even hold any shares"

I guess there are always some at the track, screaming "COME ON NUMBER 13" when the horse is being stretchered into the glue factory. I mean, there is always a chance right?

I've not heard of any other company being delisted and relisting, having a look at google, i can find a couple of examples of delistings, but none that have been resurrected.

If anyone has an example, id love to see it!

https://www.marketindex.com.au/asx/gps delisted in September 2023. Still not relisted.

https://skyandspace.co/wp-content/uploads/2021/09/SAS-announcement-re-removal-from-ASX.pdf since September 2021 - never relisted.

CGB Price at posting: 2.1¢ Sentiment: Sell Disclosure: Held
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