They signed an agreement that in terms of their current state of play was a material transaction therefore disclosed it.
Because it was conditional the ASX after reviewing the announcement felt that more information was warranted which RGI did not have at hand so were forced into a trading halt, then suspension.
Were RGI wrong in not realising that the ASX would demand more specific information about the licence process when RGI had already stated their anticipated timeframe to supply equipment for phase one?
RGI Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
