You've still got this wrong.
What's worse, is you are so confident.
Here's what you need to understand.
The ASX does not pause stocks because they run too hard.
Narryer Metals Limited - up 110% today and still trading
Nyrada Inc - up 44% today and still trading.
Widgie Nickel Limited - up 33% today and still trading.
These stocks have not been paused by the ASX, and are up more than Appen.
Instead, they issue a speeding ticket when they deem necessary.
This is a letter.
Appen then makes the decision to place the stock into a trading halt (as it says on the letter).
Appen then calls the ASX to request a pause.
This gives Appen's compliance department time to write the letter.
When the letter is written, they send it to the ASX, which is then turned into a halt.
This is literally how it works.
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