Meanwhile Gino was likely planning on raising capital at 53c or above very shortly and now he has to 'knock up' a prospectus first and this following is taken directly from the Australian Government Treasury website:
Section 52: Dealing in Securities
Under the Corporations Law, issuing a prospectus that omits material information or which contains a material statement that is false or misleading is a serious offence carrying a penalty of a $20,000 fine or 5 years imprisonment or both
Thanks to Robert Sills for resigning from the Board without a replacement organised thereby, I believe, contributing to the calling of a suspension there is now this need for a prospectus to consider by the Board
And there will be costs involved in writing a prospectus
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